Northwestern Mutual Wealth Management Co. Purchases 1,029,781 Shares of Atmos Energy Corporation $ATO

Northwestern Mutual Wealth Management Co. increased its position in shares of Atmos Energy Corporation (NYSE:ATOFree Report) by 26,269.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,033,701 shares of the utilities provider’s stock after acquiring an additional 1,029,781 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.64% of Atmos Energy worth $173,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATO. Bank of America Corp DE increased its holdings in Atmos Energy by 94.9% during the 2nd quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after acquiring an additional 1,778,653 shares during the period. PFA Pension Forsikringsaktieselskab bought a new stake in Atmos Energy during the 4th quarter worth approximately $107,729,000. Capital International Investors increased its holdings in Atmos Energy by 3.4% during the 3rd quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock worth $1,872,162,000 after acquiring an additional 359,780 shares during the period. State Street Corp grew its stake in Atmos Energy by 3.5% in the 3rd quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after buying an additional 356,942 shares in the last quarter. Finally, Danske Bank A S purchased a new position in Atmos Energy in the 3rd quarter worth approximately $57,763,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ATO. Barclays boosted their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Morgan Stanley cut their price target on shares of Atmos Energy from $197.00 to $195.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Truist Financial began coverage on shares of Atmos Energy in a research note on Tuesday, April 21st. They issued a “hold” rating and a $195.00 price target for the company. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings cut shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Atmos Energy has an average rating of “Hold” and an average target price of $183.50.

View Our Latest Stock Report on ATO

Atmos Energy Price Performance

Shares of Atmos Energy stock opened at $176.48 on Friday. Atmos Energy Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The stock has a market capitalization of $29.46 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 3.12 and a beta of 0.65. The company has a fifty day moving average of $185.27 and a 200-day moving average of $177.02. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.

Atmos Energy (NYSE:ATOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts expect that Atmos Energy Corporation will post 8.3 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio is 49.14%.

Atmos Energy Company Profile

(Free Report)

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.

Further Reading

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

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