California State Teachers Retirement System Cuts Stock Holdings in Atmos Energy Corporation $ATO

California State Teachers Retirement System reduced its stake in Atmos Energy Corporation (NYSE:ATOFree Report) by 0.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,753 shares of the utilities provider’s stock after selling 3,739 shares during the period. California State Teachers Retirement System owned approximately 0.28% of Atmos Energy worth $87,512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ATO. Energy Income Partners LLC raised its holdings in Atmos Energy by 1.0% in the first quarter. Energy Income Partners LLC now owns 363,311 shares of the utilities provider’s stock valued at $67,111,000 after acquiring an additional 3,490 shares in the last quarter. Excelsior Advisor Network LLC purchased a new stake in shares of Atmos Energy in the 1st quarter valued at approximately $557,000. Quantinno Capital Management LP raised its holdings in shares of Atmos Energy by 62.6% in the 1st quarter. Quantinno Capital Management LP now owns 174,843 shares of the utilities provider’s stock valued at $32,297,000 after purchasing an additional 67,301 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Atmos Energy in the 1st quarter valued at $1,047,000. Finally, Quadcap Wealth Management LLC purchased a new stake in shares of Atmos Energy during the 1st quarter worth $432,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATO shares. TD Cowen boosted their target price on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Argus decreased their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research report on Sunday. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Barclays cut their target price on 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. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.92.

Get Our Latest Stock Analysis on ATO

Atmos Energy Trading Down 0.9%

NYSE ATO opened at $177.69 on Thursday. The firm’s fifty day moving average price is $173.81 and its 200 day moving average price is $177.99. Atmos Energy Corporation has a 12 month low of $154.55 and a 12 month high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The company has a market capitalization of $29.66 billion, a price-to-earnings ratio of 21.83, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts expect that Atmos Energy Corporation will post 8.44 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s payout ratio is 49.14%.

About Atmos Energy

(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

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

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