Atmos Energy (NYSE:ATO) Sets New 1-Year Low – Here’s What Happened

Atmos Energy Corporation (NYSE:ATO – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $154.72 and last traded at $154.8850, with a volume of 38719 shares changing hands. The stock had previously closed at $156.44.

Wall Street Analyst Weigh In

ATO has been the topic of several recent research reports. Jefferies Financial Group dropped their price objective on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday. Barclays lowered their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Argus cut their price objective on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.58.

View Our Latest Report on ATO

Atmos Energy Stock Performance

The business’s fifty day moving average price is $167.40 and its 200-day moving average price is $175.02. 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 stock has a market capitalization of $26.28 billion, a PE ratio of 18.46, a P/E/G ratio of 2.73 and a beta of 0.60.

Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same quarter in the previous year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts expect that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, August 24th. Atmos Energy’s payout ratio is 47.56%.

Insider Buying and Selling at Atmos Energy

In other news, Director William Ware purchased 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.43% of the company’s stock.

Institutional Investors Weigh In On Atmos Energy

Large investors have recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC bought a new position in Atmos Energy in the 2nd quarter worth about $25,000. Continuum Advisory LLC bought a new stake in shares of Atmos Energy during the 2nd quarter valued at about $25,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Atmos Energy during the second quarter worth about $28,000. Elevation Wealth Partners LLC grew its holdings in shares of Atmos Energy by 627.3% during the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 138 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of Atmos Energy in the first quarter worth approximately $34,000. Institutional investors own 90.17% of the company’s stock.

About Atmos Energy

(Get Free Report)

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.

Recommended Stories

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.