Atmos Energy Corporation $ATO Position Increased by Forvis Mazars Wealth Advisors LLC

Forvis Mazars Wealth Advisors LLC grew its position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 217.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,268 shares of the utilities provider’s stock after buying an additional 31,688 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Atmos Energy were worth $7,238,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Atmos Energy in the 2nd quarter valued at approximately $2,624,975,000. Bank of America Corp DE raised its position in shares of Atmos Energy by 11.0% during the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after acquiring an additional 416,933 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of Atmos Energy during the 2nd quarter valued at approximately $431,677,000. Amundi raised its position in shares of Atmos Energy by 40.0% during the 2nd quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after acquiring an additional 520,828 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Atmos Energy during the second quarter worth $276,558,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Insider Buying and Selling

In related news, Director William Ware bought 300 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $167.59 per share, with a total value 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. This represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.43% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley decreased their price objective on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. Argus reiterated a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday, October 6th. Wells Fargo & Company began coverage on shares of Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Finally, Truist Financial reduced their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $183.58.

Check Out Our Latest Research Report on Atmos Energy

Atmos Energy Stock Performance

ATO stock traded up $1.09 during midday trading on Tuesday, reaching $163.47. The company had a trading volume of 803,599 shares, compared to its average volume of 1,232,018. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $164.63 and a 200 day moving average price of $173.60. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The firm has a market capitalization of $27.63 billion, a PE ratio of 19.46, a P/E/G ratio of 2.61 and a beta of 0.57.

Atmos Energy (NYSE:ATO – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $879.06 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts anticipate that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio is presently 47.62%.

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.

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

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