Atmos Energy director sells shares worth $47,200 By Investing.com

In a recent transaction on May 16, 2024, Diana J. Walters, a director at Atmos Energy Corp (NYSE:), sold 400 shares of the company at a price of $118.00 each, totaling $47,200. This sale was conducted for the purpose of tax and financial planning, as noted in a footnote accompanying the transaction details.

The sale has adjusted Walters’ holdings in the distribution company to 3,551 shares following the transaction. The price per share of $118.00 reflects the value of Atmos Energy’s stock at the time of the sale.

Atmos Energy, headquartered in Dallas, Texas, is a significant player in the natural gas distribution industry, with a fiscal year-end on September 30. The transaction was duly signed by Suzanne Johnson by power of attorney on the same day.

Investors often keep an eye on insider transactions like these as they can provide insights into the executives’ perspectives on the company’s current valuation and future prospects. While the reasons behind such sales can vary, they are routinely disclosed as part of the company’s compliance with SEC regulations.

InvestingPro Insights

Following the recent insider transaction at Atmos Energy Corp (NYSE:ATO), investors may find additional context in the company’s financial health and stock performance through key metrics and insights from InvestingPro. With a market capitalization of $17.96 billion, Atmos Energy stands as a significant entity in the natural gas distribution sector. The company’s P/E ratio is 17.75, which indicates how much investors are willing to pay for each dollar of earnings, a figure that is insightful when compared to industry standards and historical performance.

One InvestingPro Tip that may interest shareholders is the company’s commendable track record of raising its dividend for 31 consecutive years, reflecting a strong commitment to returning value to investors. Additionally, the company’s dividend yield stands at 2.73%, with a dividend growth over the last twelve months at 8.78%, signaling a potentially attractive opportunity for income-focused investors.

Atmos Energy’s recent revenue growth on a quarterly basis was 6.9% for Q2 2024, suggesting a positive trajectory for the company’s sales. This is complemented by a robust gross profit margin of 56.55% over the last twelve months as of Q2 2024, highlighting the company’s efficiency in managing its cost of goods sold relative to its…