Jefferies Financial Group Inc. purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,741 shares of the utilities provider’s stock, valued at approximately $1,161,000.
A number of other hedge funds and other institutional investors have also modified their holdings of ATO. BlackRock Inc. acquired a new stake in shares of Atmos Energy in the second quarter worth about $2,624,975,000. Bank of America Corp DE bought a new stake in Atmos Energy during the second quarter worth approximately $720,212,000. Deutsche Bank AG bought a new stake in Atmos Energy during the second quarter worth approximately $431,677,000. Norges Bank acquired a new position in Atmos Energy during the fourth quarter valued at approximately $331,426,000. Finally, Legal & General Group Plc bought a new position in shares of Atmos Energy in the second quarter valued at approximately $276,558,000. Institutional investors own 90.17% of the company’s stock.
Analyst Ratings Changes
ATO has been the topic of several research analyst reports. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Mizuho cut their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Argus reduced their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Morgan Stanley decreased their target price on Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and a consensus price target of $187.73.
Atmos Energy Trading Up 0.1%
Shares of ATO stock opened at $166.77 on Monday. Atmos Energy Corporation has a 52-week low of $160.10 and a 52-week high of $192.51. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 19.83, a P/E/G ratio of 2.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The firm has a fifty day moving average of $173.37 and a 200-day moving average of $178.23.
Atmos Energy (NYSE:ATO – Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating 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 net margin of 28.50% and a return on equity of 9.67%. During the same period in the previous year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal 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 paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is currently 47.56%.
Insider Buying and Selling
In related news, Director William James Ware purchased 300 shares of the stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by corporate insiders.
Atmos Energy Company 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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