Atmos Energy Corporation $ATO Shares Newly Purchased by Adirondack Trust Co.

Adirondack Trust Co. acquired a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,993 shares of the utilities provider’s stock, valued at approximately $625,000.

Other institutional investors have also made changes to their positions in the company. Compound Planning Inc. boosted its stake in Atmos Energy by 3.7% during the 1st quarter. Compound Planning Inc. now owns 1,716 shares of the utilities provider’s stock valued at $317,000 after purchasing an additional 62 shares during the period. Wealthfront Advisers LLC raised its holdings in Atmos Energy by 0.8% in the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after acquiring an additional 65 shares in the last quarter. Root Financial Partners LLC lifted its position in shares of Atmos Energy by 39.1% in the 1st quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 66 shares during the period. Versant Capital Management Inc lifted its position in shares of Atmos Energy by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock worth $193,000 after acquiring an additional 66 shares during the period. Finally, Amarillo National Bank lifted its position in shares of Atmos Energy by 0.3% in the 1st quarter. Amarillo National Bank now owns 28,641 shares of the utilities provider’s stock worth $5,291,000 after acquiring an additional 74 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on ATO shares. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Jefferies Financial Group reduced their target price 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. Truist Financial decreased their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Barclays decreased their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company started coverage on shares of Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $183.58.

Check Out Our Latest Research Report on ATO

Atmos Energy Price Performance

Shares of Atmos Energy stock traded up $0.31 during midday trading on Wednesday, hitting $163.78. 190,683 shares of the company were exchanged, compared to its average volume of 1,226,640. The firm has a 50 day simple moving average of $164.44 and a 200-day simple moving average of $173.47. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a market cap of $27.68 billion, a P/E ratio of 19.47, a PEG ratio of 2.63 and a beta of 0.57. Atmos Energy Corporation has a 52 week low of $154.72 and a 52 week high of $192.51.

Atmos Energy (NYSE:ATO – Get Free Report) last issued 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 firm had revenue of $879.06 million for the quarter, compared to analysts’ expectations 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 earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is presently 47.62%.

Insider Buying and Selling

In other Atmos Energy news, Director William Ware bought 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were bought 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 owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

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.

See Also

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

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