Vanguard Holds 13.6% Stake in Atmos Energy, Updates Passive Position

TL;DR

**Vanguard still owns 13.6% of Atmos Energy, a slight dip but still a huge vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership of 20,028,879 shares of Atmos Energy Corp Common Stock as of December 29, 2023. This represents a 13.6% stake in the natural gas distribution company. This filing is an update to their previous disclosures, indicating a significant, but slightly reduced, passive ownership position. For investors, this matters because Vanguard's continued large stake signals confidence in Atmos Energy's long-term stability, even with a minor adjustment in their holdings.

Why It Matters

Vanguard's substantial, albeit slightly adjusted, ownership in Atmos Energy indicates a continued belief in the company's stability, which can reassure current and potential investors.

Risk Assessment

Risk Level: low — This filing shows a large, passive institutional investor maintaining a significant stake, which generally indicates stability rather than immediate risk.

Analyst Insight

A smart investor would note Vanguard's continued, large passive stake as a sign of long-term stability for Atmos Energy, but also recognize that this is an amendment, not a new position, suggesting no immediate catalyst.

Key Numbers

• 20,028,879 — Shares Beneficially Owned (The total number of Atmos Energy Common Stock shares Vanguard owns, showing their significant investment.)
• 13.6% — Percentage of Class (This percentage indicates Vanguard's substantial influence as a shareholder in Atmos Energy.)
• 12 — Amendment Number (This is the 12th amendment to Vanguard's Schedule 13G, showing a history of updated disclosures.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major shareholder
• Atmos Energy Corp (company) — subject company, natural gas distribution
• 20,028,879 shares (dollar_amount) — total shares beneficially owned by Vanguard
• 13.6% (dollar_amount) — percentage of Atmos Energy's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• Vanguard will likely maintain a significant, passive stake in Atmos Energy for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-02-13
• Atmos Energy's stock price will likely remain relatively stable due to the presence of large institutional investors like Vanguard. (Atmos Energy Corp) — medium confidence, target: 2024-08-13

FAQ

Filing Documents

• tv0360-atmosenergycorp.htm (SC 13G/A) — 11KB
• 0001104659-24-020357.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Atmos Energy Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: Three Lincoln Centre, 5430 LBJ Freeway, Suite 1800 Dallas, TX 75240-2615

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 049560105

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR