Miller Howard Investments Inc. NY trimmed its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 11.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,795 shares of the utilities provider’s stock after selling 7,024 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Atmos Energy were worth $9,567,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of ATO. Garner Asset Management Corp acquired a new position in shares of Atmos Energy in the 4th quarter valued at $25,000. JFS Wealth Advisors LLC raised its position in shares of Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares during the period. Kingdom Financial Group LLC. acquired a new position in Atmos Energy in the fourth quarter valued at $26,000. Princeton Global Asset Management LLC boosted its holdings in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in Atmos Energy during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on ATO. Citigroup upped their price target on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Barclays boosted their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Truist Financial dropped their target price 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. TD Cowen raised their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Finally, Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 19th. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.90.
Atmos Energy Trading Up 1.2%
Shares of ATO opened at $171.68 on Wednesday. The stock’s 50-day moving average is $177.67 and its two-hundred day moving average is $176.48. The stock has a market cap of $28.66 billion, a PE ratio of 21.09, a P/E/G ratio of 2.95 and a beta of 0.60. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.
Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.10. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same quarter last year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts forecast that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.
Atmos Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.
Atmos Energy Company Profile
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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