Greenfield Savings Bank Purchases New Holdings in Atmos Energy Corporation $ATO

Greenfield Savings Bank purchased a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 7,356 shares of the utilities provider’s stock, valued at approximately $1,151,000.

Several other institutional investors have also recently made changes to their positions in ATO. BlackRock Inc. bought a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Bank of America Corp DE grew its stake in shares of Atmos Energy by 11.0% in the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after buying an additional 416,933 shares in the last quarter. Deutsche Bank AG increased its holdings in Atmos Energy by 1.7% during the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock worth $484,009,000 after buying an additional 47,860 shares during the last quarter. Amundi increased its holdings in Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock worth $314,171,000 after buying an additional 520,828 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Atmos Energy during the second quarter worth $276,558,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Performance

Shares of ATO traded down $0.42 during trading hours on Wednesday, hitting $159.32. The company had a trading volume of 1,533,340 shares, compared to its average volume of 1,230,304. The firm has a market cap of $26.92 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 2.56 and a beta of 0.57. The business has a fifty day moving average of $165.71 and a 200-day moving average of $174.19. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO – Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The business had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same quarter in the previous year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts anticipate that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Atmos Energy’s payout ratio is currently 47.62%.

Analyst Ratings Changes

A number of analysts have commented on ATO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Jefferies Financial Group dropped their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday, October 1st. Morgan Stanley lowered their price target on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, Argus reaffirmed a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $183.58.

Check Out Our Latest Analysis on ATO

Insider Activity at Atmos Energy

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

Atmos Energy Company Profile

(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.

See Also

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

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