Capital Innovations LLC purchased a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,975 shares of the utilities provider’s stock, valued at approximately $666,000.
Several other institutional investors and hedge funds have also modified their holdings of ATO. Norges Bank bought a new stake in shares of Atmos Energy during the 4th quarter valued at $331,426,000. Bank of America Corp DE raised its holdings in Atmos Energy by 94.9% in the 2nd quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Atmos Energy by 26,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock valued at $173,279,000 after purchasing an additional 1,029,781 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in Atmos Energy during the fourth quarter valued at $107,729,000. Finally, Capital International Investors grew its holdings in Atmos Energy by 3.4% during the third quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock valued at $1,872,162,000 after purchasing an additional 359,780 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Analysts Set New Price Targets
Several research firms have recently commented on ATO. Morgan Stanley set a $183.00 price objective on Atmos Energy in a research note on Thursday, May 21st. Mizuho cut their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday. Citigroup raised their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Truist Financial reduced their price objective on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $181.90.
Atmos Energy Stock Up 0.8%
NYSE ATO opened at $168.50 on Wednesday. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock has a market cap of $28.13 billion, a PE ratio of 20.70, a P/E/G ratio of 2.90 and a beta of 0.60. The stock’s 50 day moving average is $182.97 and its 200 day moving average is $177.09.
Atmos Energy (NYSE:ATO – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same period last year, the firm posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy Corporation will post 8.44 EPS for the current fiscal year.
Atmos Energy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend 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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