Atmos Energy (NYSE:ATO – Free Report) had its price target decreased by Morgan Stanley from $190.00 to $179.00 in a research report report published on Friday, Marketbeat Ratings reports. Morgan Stanley currently has an equal weight rating on the utilities provider’s stock.
Other equities research analysts have also issued research reports about the stock. Mizuho cut their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Truist Financial dropped their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Argus reduced their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, Barclays decreased their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $185.09.
Check Out Our Latest Report on ATO
Atmos Energy Trading Down 0.0%
Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm 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 period last year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts predict that Atmos Energy will post 8.46 EPS for the current year.
Atmos Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 47.56%.
Insider Activity at Atmos Energy
In related news, Director William Ware purchased 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Atmos Energy
Hedge funds have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC increased its holdings in shares of Atmos Energy by 176.7% during the second quarter. Anchor Investment Management LLC now owns 22,612 shares of the utilities provider’s stock valued at $3,895,000 after acquiring an additional 14,440 shares in the last quarter. Tidal Investments LLC grew its position in Atmos Energy by 163.5% during the 2nd quarter. Tidal Investments LLC now owns 42,632 shares of the utilities provider’s stock valued at $7,344,000 after purchasing an additional 26,454 shares during the last quarter. National Pension Service raised its holdings in Atmos Energy by 2.4% in the second quarter. National Pension Service now owns 250,465 shares of the utilities provider’s stock worth $43,148,000 after buying an additional 5,778 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Atmos Energy in the second quarter worth approximately $13,458,000. Finally, NewEdge Advisors LLC lifted its stake in shares of Atmos Energy by 62.7% in the second quarter. NewEdge Advisors LLC now owns 15,376 shares of the utilities provider’s stock worth $2,649,000 after buying an additional 5,924 shares in the last quarter. 90.17% of the stock is owned by institutional investors.
Atmos Energy Company Profile
Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. Through its utility operations, the company delivers natural gas to residential, commercial, industrial and agricultural customers, with services focused on safe and reliable energy delivery.
Atmos Energy serves customers across eight states: Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, Texas and Virginia. Its operations include local natural gas distribution as well as pipeline transportation and storage activities, primarily through its Atmos Pipeline-Texas business.
The company traces its roots to 1906 and has expanded over time through growth and acquisitions in the natural gas industry.
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