Phillips Financial Management LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) in the second quarter, HoldingsChannel reports. The firm acquired 15,167 shares of the utilities provider’s stock, valued at approximately $2,613,000. Atmos Energy comprises about 0.2% of Phillips Financial Management LLC’s holdings, making the stock its 24th largest position.
Other institutional investors also recently made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Atmos Energy during the 4th quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new position in Atmos Energy in the 4th quarter worth $26,000. Elevation Wealth Partners LLC lifted its stake in Atmos Energy by 627.3% in 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 during the last quarter. Elevated Capital Advisors LLC bought a new stake in Atmos Energy in the fourth quarter worth $32,000. Finally, Western Wealth Management LLC purchased a new stake in Atmos Energy during the first quarter valued at about $34,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently issued reports on ATO shares. Argus reduced their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Truist Financial lowered their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday. TD Cowen increased their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Morgan Stanley set a $196.00 price target on Atmos Energy in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and an average price target of $188.27.
Insider Buying and Selling
In other news, Director William James Ware bought 300 shares of the stock in a transaction on 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 acquisition, the director owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.43% of the company’s stock.
Atmos Energy Trading Down 0.1%
NYSE ATO opened at $169.79 on Friday. The stock has a market cap of $28.69 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60. Atmos Energy Corporation has a fifty-two week low of $160.10 and a fifty-two week high of $192.51. The stock has a 50 day simple moving average of $173.43 and a two-hundred day simple moving average of $178.17. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81.
Atmos Energy (NYSE:ATO – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The firm 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 previous year, the firm earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current year.
Atmos Energy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $1.00 dividend. The ex-dividend date is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is currently 47.56%.
Atmos Energy Company Profile
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.
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