Legal & General Group Plc Trims Stake in Atmos Energy

The investment firm reduced its holdings in the utility company by 1% in the third quarter.

Mar. 12, 2026 at 10:21am

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Legal & General Group Plc, a major institutional investor, trimmed its stake in Atmos Energy Corporation by 1.0% in the third quarter of 2026. The firm now owns approximately 1.58 million shares, or 0.98% of the utilities provider's stock, valued at around $269.6 million as of its latest SEC filing.

Why it matters

Institutional investors like Legal & General Group closely monitor and adjust their positions in major public companies. Changes in their holdings can signal broader market trends or shifts in investor sentiment around a particular stock.

The details

According to the SEC filing, Legal & General Group sold 15,624 shares of Atmos Energy during the third quarter. The firm now owns 1,578,888 shares of the natural gas utility, making it one of the company's largest institutional shareholders.

  • Legal & General Group Plc filed its 13F report for the third quarter of 2026 on March 12, 2026.

The players

Legal & General Group Plc

A major British investment management firm that owns stakes in numerous public companies around the world.

Atmos Energy Corporation

A U.S. natural gas utility company that distributes gas to residential, commercial, industrial, and electric generation customers, primarily in the South Central United States.

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The takeaway

This filing indicates that one of Atmos Energy's largest institutional investors has slightly reduced its position in the company, though it still maintains a sizable stake. Investors will likely monitor whether other major shareholders make similar moves in the coming quarters.