Atmos Energy Corporation (ATO) To Go Ex-Dividend on November 24th

Atmos Energy Corporation (NYSE:ATO) announced a quarterly dividend on Wednesday, November 5th. Investors of record on Monday, November 24th will be paid a dividend of 1.00 per share by the utilities provider on Monday, December 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, November 24th. This is a 14.9% increase from Atmos Energy’s previous quarterly dividend of $0.87.

Atmos Energy has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 41 consecutive years. Atmos Energy has a payout ratio of 44.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Atmos Energy to earn $7.73 per share next year, which means the company should continue to be able to cover its $3.48 annual dividend with an expected future payout ratio of 45.0%.

Atmos Energy Stock Up 1.8%

Shares of ATO opened at $175.62 on Friday. The company’s 50-day moving average price is $170.47 and its 200 day moving average price is $162.00. Atmos Energy has a 12-month low of $136.05 and a 12-month high of $180.65. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. The firm has a market cap of $28.19 billion, a P/E ratio of 24.12, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 5th. The utilities provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.06. The business had revenue of $754.64 million during the quarter, compared to analysts’ expectations of $726.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same period last year, the business earned $1.08 earnings per share. Atmos Energy has set its FY 2025 guidance at 8.150-8.350 EPS. On average, sell-side analysts forecast that Atmos Energy will post 7.18 earnings per share for the current year.

Institutional Investors Weigh In On Atmos Energy

A number of hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Atmos Energy during the third quarter worth about $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Atmos Energy in the third quarter valued at approximately $29,000. SBI Securities Co. Ltd. lifted its stake in Atmos Energy by 105.4% in the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 98 shares during the last quarter. Brooklyn Investment Group grew its holdings in Atmos Energy by 141.2% during the 1st quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 137 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Atmos Energy by 30.4% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 279 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

About Atmos Energy

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.