Atmos Energy (NYSE:ATO) Stock Bought Rep. Jared Moskowitz

Representative Jared Moskowitz (D-Florida) recently bought shares of Atmos Energy Co. (NYSE:ATO). In a filing disclosed on December 09th, the Representative disclosed that they had bought between $1,001 and $15,000 in Atmos Energy stock on November 8th. The trade occurred in the Representative’s “MORGAN STANLEY ACTIVE ASSETS (5)” account.

Representative Jared Moskowitz also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Elevance Health (NYSE:ELV) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Tractor Supply (NASDAQ:TSCO) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of McDonald’s (NYSE:MCD) on 11/8/2024.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOG) on 11/8/2024.
• Sold $50,001 – $100,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.
• Sold $15,001 – $50,000 in shares of Seacoast Banking Co. of Florida (NASDAQ:SBCF) on 11/8/2024.

Atmos Energy Trading Up 0.0 %

NYSE:ATO opened at $141.11 on Wednesday. The company’s 50 day moving average is $143.26 and its 200-day moving average is $131.40. The company has a quick ratio of 0.80, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Atmos Energy Co. has a 12 month low of $110.46 and a 12 month high of $152.65. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.84 and a beta of 0.70.

Atmos Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were issued a $0.87 dividend. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.81. This represents a $3.48 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Monday, November 25th. Atmos Energy’s payout ratio is 50.66%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Atria Investments Inc raised its position in Atmos Energy by 1.3% in the third quarter. Atria Investments Inc now owns 31,399 shares of the utilities provider’s stock worth $4,355,000 after purchasing an additional 402 shares in the last quarter. Swedbank AB raised its holdings in shares of Atmos Energy by 565.3% in the 2nd quarter. Swedbank AB now owns 40,621 shares of the utilities provider’s stock worth $4,738,000 after buying an additional 34,515 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Atmos Energy by 3.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 419,721 shares of the utilities provider’s stock worth $48,960,000 after buying an additional 14,440 shares during the period. Assenagon Asset Management S.A. boosted its stake in Atmos Energy by 7.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 323,614 shares of the utilities provider’s stock valued at $37,750,000 after buying an additional 22,531 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its position in Atmos Energy by 52.2% in the second quarter. Public Sector Pension Investment Board now owns 25,568 shares of the utilities provider’s stock valued at $2,983,000 after acquiring an additional 8,774 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Mizuho lifted their price objective on Atmos Energy from $148.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. StockNews.com raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target on Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on Atmos Energy in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 price objective for the company. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Atmos Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.69.

Insiders Place Their Bets

In other news, Director Edward Geiser bought 2,500 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $144.89 per share, for a total transaction of $362,225.00. Following the completion of the purchase, the director now owns 2,602 shares of the company’s stock, valued at approximately $377,003.78. The trade was a 2,450.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

About Representative Moskowitz

Jared Evan Moskowitz (Democratic Party) is a member of the U.S. House, representing Florida’s 23rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. Moskowitz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 23rd Congressional District. He declared candidacy for the Democratic primary scheduled on August 20, 2024. Moskowitz resigned his state House seat on January 11, 2019, to head the state’s Division of Emergency Management. Jared Evan Moskowitz was born in Coral Springs, Florida. Moskowitz graduated from Marjory Stoneman Douglas High School. He earned a bachelor’s degree in political science and government from George Washington University in 2003 and a law degree from Nova Southeastern University in 2007. Moskowitz’s career experience includes working as the director of the Florida Division of Emergency Management and general counsel with AshBritt Inc.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.