Caisse de depot et placement du Quebec Buys Shares of 81,083 Atmos Energy Corporation $ATO

Caisse de depot et placement du Quebec purchased a new position in Atmos Energy Corporation (NYSE:ATOFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 81,083 shares of the utilities provider’s stock, valued at approximately $13,968,000.

A number of other hedge funds also recently modified their holdings of the business. Garner Asset Management Corp acquired a new stake in Atmos Energy during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC bought a new position in Atmos Energy in the second quarter valued at approximately $25,000. Kingdom Financial Group LLC. acquired a new position in shares of Atmos Energy in the fourth quarter valued at approximately $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after buying an additional 138 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Atmos Energy during the first quarter worth $34,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In other news, Director William James Ware bought 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the purchase, the director owned 488 shares of the company’s stock, valued at $81,783.92. This represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Wells Fargo & Company started coverage on Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target on the stock. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Argus reduced their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Finally, TD Cowen increased their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $187.73.

Check Out Our Latest Stock Analysis on ATO

Atmos Energy Price Performance

Shares of NYSE ATO opened at $166.77 on Friday. 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 has a 50-day moving average of $173.37 and a 200-day moving average of $178.18. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.90 and a beta of 0.60. Atmos Energy Corporation has a fifty-two week low of $160.10 and a fifty-two week high of $192.51.

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

Atmos Energy Announces Dividend

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

Atmos Energy 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.

Read More

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.