Delta Global Management LP bought a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) in the first quarter, HoldingsChannel reports. The firm bought 13,561 shares of the utilities provider’s stock, valued at approximately $2,505,000.
Other hedge funds also recently made changes to their positions in the company. Compound Planning Inc. grew its stake in Atmos Energy by 3.6% in the fourth quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 58 shares during the period. Checchi Capital Advisers LLC lifted its position in Atmos Energy by 3.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after buying an additional 60 shares during the period. MGO One Seven LLC lifted its position in Atmos Energy by 4.3% during the fourth quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after buying an additional 62 shares during the period. Wealthfront Advisers LLC boosted its holdings in shares of Atmos Energy by 0.8% during the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after buying an additional 65 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of Atmos Energy by 39.1% during the 1st quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after buying an additional 66 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ATO shares. 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. TD Cowen boosted their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Morgan Stanley set a $196.00 price objective on shares of Atmos Energy in a report on Wednesday. JPMorgan Chase & Co. raised their target price on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company assumed coverage on shares of Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price for the company. Four equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.92.
Atmos Energy Trading Up 0.7%
Atmos Energy stock opened at $179.24 on Friday. 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 Corporation has a one year low of $154.23 and a one year high of $192.51. The stock has a market capitalization of $29.92 billion, a PE ratio of 22.02, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The business’s fifty day moving average is $173.76 and its 200 day moving average is $177.67.
Atmos Energy (NYSE:ATO – Get Free Report) last released 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. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period last year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts predict that Atmos Energy Corporation will post 8.44 EPS for the current year.
Atmos Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is presently 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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