Friedenthal Financial Invests $976,000 in Atmos Energy Corporation $ATO

Friedenthal Financial bought a new position in shares of Atmos Energy Corporation (NYSE:ATOFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,283 shares of the utilities provider’s stock, valued at approximately $976,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ATO. TrueMark Investments LLC acquired a new stake in Atmos Energy during the first quarter worth approximately $6,166,000. Fifth Third Wealth Advisors LLC lifted its position in shares of Atmos Energy by 30.6% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,710 shares of the utilities provider’s stock worth $316,000 after buying an additional 401 shares during the last quarter. OP Asset Management Ltd acquired a new position in shares of Atmos Energy in the 1st quarter valued at $2,998,000. Banque Cantonale Vaudoise acquired a new position in shares of Atmos Energy in the 1st quarter valued at $154,000. Finally, Amarillo National Bank grew its position in shares of Atmos Energy by 0.3% in the 1st quarter. Amarillo National Bank now owns 28,641 shares of the utilities provider’s stock valued at $5,291,000 after buying an additional 74 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ATO. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Barclays raised their price objective 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 cut their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Finally, TD Cowen boosted their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Atmos Energy has an average rating of “Hold” and an average target price of $182.60.

Check Out Our Latest Stock Report on ATO

Atmos Energy Stock Performance

Shares of Atmos Energy stock opened at $172.54 on Thursday. The firm’s fifty day simple moving average is $177.37 and its 200-day simple moving average is $176.50. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 21.20, a PEG ratio of 2.97 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:ATOGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts forecast that Atmos Energy Corporation will post 8.43 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. 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 is 49.14%.

About Atmos Energy

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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