Magnolia Capital Management Ltd. Acquires New Position in Atmos Energy Corporation $ATO

Magnolia Capital Management Ltd. bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm bought 3,145 shares of the utilities provider’s stock, valued at approximately $492,000.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Atmos Energy in the second quarter valued at $2,624,975,000. Bank of America Corp DE bought a new stake in shares of Atmos Energy during the 2nd quarter worth $720,212,000. Deutsche Bank AG acquired a new position in shares of Atmos Energy in the 2nd quarter valued at $431,677,000. Legal & General Group Plc acquired a new position in shares of Atmos Energy in the second quarter worth about $276,558,000. Finally, GQG Partners LLC acquired a new position in Atmos Energy in the 2nd quarter worth approximately $202,443,000. 90.17% of the stock is currently owned by institutional investors.

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Atmos Energy Stock Up 0.6%

ATO stock opened at $161.69 on Friday. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. The company has a market cap of $27.32 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.60 and a beta of 0.57. The business’s 50-day simple moving average is $164.85 and its 200 day simple moving average is $173.79. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The firm had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same quarter in the prior year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts anticipate that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is 47.62%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Argus reiterated a “buy” rating and set a $185.00 price target on shares of Atmos Energy in a report on Tuesday. JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Jefferies Financial Group reduced their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research report on Thursday, October 1st. Finally, Wells Fargo & Company began coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.58.

View Our Latest Stock Report on Atmos Energy

Insiders Place Their Bets

In other Atmos Energy news, Director William Ware purchased 300 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the purchase, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Company Profile

(Free Report)

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.

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