3,300 Shares in Atmos Energy Corporation $ATO Bought by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,300 shares of the utilities provider’s stock, valued at approximately $568,000.

Several other institutional investors have also added to or reduced their stakes in the business. Empirical Asset Management LLC bought a new position in shares of Atmos Energy during the second quarter valued at about $641,000. Sound Financial Strategies Group LLC bought a new stake in shares of Atmos Energy in the 2nd quarter valued at about $288,000. Danske Bank A S purchased a new stake in Atmos Energy during the 2nd quarter valued at about $3,050,000. Diversify Advisory Services LLC purchased a new stake in Atmos Energy during the 2nd quarter valued at about $10,939,000. Finally, Wealthfront Advisers LLC bought a new position in Atmos Energy during the 2nd quarter worth approximately $1,366,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at Atmos Energy

In related news, Director William James Ware acquired 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the transaction, the director owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Barclays dropped their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Truist Financial cut their target price on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley decreased their target price on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Mizuho lowered their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $187.73.

Read Our Latest Analysis on ATO

Atmos Energy Stock Down 2.0%

NYSE ATO opened at $167.16 on Friday. Atmos Energy Corporation has a 1 year low of $160.10 and a 1 year high of $192.51. The stock has a market capitalization of $28.25 billion, a PE ratio of 19.88, a PEG ratio of 2.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The business’s 50-day moving average is $173.57 and its 200 day moving average is $178.26.

Atmos Energy (NYSE:ATO – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The business had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same quarter in the prior year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $1.00 dividend. The ex-dividend date is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is 47.56%.

Atmos Energy Company Profile

(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.

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