USS Investment Management Ltd lifted its stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 15.8% during the 1st quarter, Holdings Channel reports. The fund owned 29,136 shares of the utilities provider’s stock after buying an additional 3,972 shares during the quarter. USS Investment Management Ltd’s holdings in Atmos Energy were worth $5,381,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Atmos Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock valued at $3,525,687,000 after purchasing an additional 276,485 shares during the period. Capital International Investors raised its stake in Atmos Energy by 8.5% during the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after purchasing an additional 927,986 shares during the period. State Street Corp boosted its holdings in Atmos Energy by 1.5% in the 4th quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock valued at $1,808,117,000 after purchasing an additional 155,836 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Atmos Energy by 1.9% in 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 purchasing an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Atmos Energy by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock valued at $638,102,000 after buying an additional 84,786 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.
Analysts Set New Price Targets
ATO has been the subject of a number of recent analyst reports. TD Cowen raised their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Argus decreased their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday. Truist Financial lowered their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $190.00 target price on Atmos Energy in a research note on Wednesday, June 24th. Finally, Citigroup lifted their target price on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.90.
Atmos Energy Price Performance
Atmos Energy stock opened at $176.66 on Friday. The company’s 50 day simple moving average is $175.91 and its 200-day simple moving average is $176.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. Atmos Energy Corporation has a 1 year low of $150.51 and a 1 year high of $192.51. The company has a market capitalization of $29.49 billion, a price-to-earnings ratio of 21.70, a price-to-earnings-growth ratio of 3.00 and a beta of 0.60.
Atmos Energy (NYSE:ATO – Get Free Report) last posted its quarterly earnings data 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 last year, the company posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts expect that Atmos Energy Corporation will post 8.46 earnings per share for the current year.
Atmos Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.
Atmos Energy 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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