Elevation Point Wealth Partners LLC purchased a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,837 shares of the utilities provider’s stock, valued at approximately $833,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in ATO. BlackRock Inc. acquired a new stake in Atmos Energy during the 2nd quarter worth $2,624,975,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of Atmos Energy during the 4th quarter worth about $34,582,000. Principal Financial Group Inc. lifted its holdings in Atmos Energy by 30.9% during the fourth quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock worth $81,507,000 after acquiring an additional 114,836 shares in the last quarter. Opal Capital LLC acquired a new position in Atmos Energy in the first quarter valued at about $6,154,000. Finally, Entropy Technologies LP bought a new position in Atmos Energy during the 1st quarter worth about $2,558,000. Institutional investors own 90.17% of the company’s stock.
Wall Street Analysts Forecast Growth
ATO has been the topic of a number of recent research reports. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Truist Financial cut their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Wells Fargo & Company assumed coverage on Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target for the company. Finally, Citigroup lifted their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $187.73.
Atmos Energy Price Performance
Shares of NYSE ATO opened at $167.85 on Tuesday. The stock has a fifty day moving average of $173.54 and a 200-day moving average of $178.34. 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 market cap of $28.36 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. 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 announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period in the prior year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current year.
Atmos Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is 47.56%.
Insider Transactions at Atmos Energy
In other Atmos Energy news, Director William James Ware bought 300 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.43% of the company’s stock.
Atmos Energy 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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