Oppenheimer Asset Management Inc. purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 23,552 shares of the utilities provider’s stock, valued at approximately $4,057,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in shares of Atmos Energy during the 4th quarter valued at about $25,000. Kingdom Financial Group LLC. purchased a new stake in Atmos Energy in the fourth quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its position in Atmos Energy by 627.3% during the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 138 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in Atmos Energy during the fourth quarter valued at approximately $32,000. Finally, Western Wealth Management LLC purchased a new position in shares of Atmos Energy during the first quarter worth approximately $34,000. Institutional investors own 90.17% of the company’s stock.
Insiders Place Their Bets
In related news, Director William James Ware purchased 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by company insiders.
Atmos Energy Trading Down 0.1%
Atmos Energy (NYSE:ATO – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The business had revenue of $879.06 million during 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 quarter last year, the business posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts predict that Atmos Energy Corporation will post 8.46 EPS for the current year.
Atmos Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.56%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ATO shares. Barclays lowered their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Wells Fargo & Company began coverage on shares of Atmos Energy in a research report on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Mizuho lowered their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. TD Cowen upped their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $188.27.
Get Our Latest Research Report on Atmos Energy
About Atmos Energy
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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