Huntington National Bank increased its holdings in Atmos Energy Corporation (NYSE:ATO – Free Report) by 3.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 464,971 shares of the utilities provider’s stock after acquiring an additional 17,352 shares during the period. Huntington National Bank’s holdings in Atmos Energy were worth $77,943,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. Kingsview Wealth Management LLC boosted its position in Atmos Energy by 9.9% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,420 shares of the utilities provider’s stock valued at $741,000 after buying an additional 397 shares during the period. Geode Capital Management LLC boosted its position in Atmos Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after buying an additional 78,438 shares during the period. Bleakley Financial Group LLC boosted its position in Atmos Energy by 9.1% during the 4th quarter. Bleakley Financial Group LLC now owns 11,107 shares of the utilities provider’s stock valued at $1,862,000 after buying an additional 922 shares during the period. Allstate Corp boosted its position in Atmos Energy by 114.9% during the 4th quarter. Allstate Corp now owns 12,096 shares of the utilities provider’s stock valued at $2,028,000 after buying an additional 6,468 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Atmos Energy by 19.0% during the 4th quarter. Fisher Asset Management LLC now owns 8,034 shares of the utilities provider’s stock valued at $1,347,000 after buying an additional 1,281 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, May 7th. Barclays increased their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Citigroup increased their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial dropped their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $181.50.
Atmos Energy Stock Down 0.8%
Shares of NYSE ATO opened at $176.32 on Thursday. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The firm has a market capitalization of $29.43 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 3.08 and a beta of 0.65. The firm has a fifty day simple moving average of $183.93 and a two-hundred day simple moving average of $177.26.
Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts expect that Atmos Energy Corporation will post 8.44 earnings per share for the current year.
Atmos Energy Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
About Atmos Energy
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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