WealthPlan Investment Management LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 4,882 shares of the utilities provider’s stock, valued at approximately $764,000.
A number of other institutional investors and hedge funds have also bought and sold shares of ATO. Frazier Financial Advisors LLC purchased a new stake in shares of Atmos Energy during the 2nd quarter valued at $25,000. Continuum Advisory LLC bought a new stake in shares of Atmos Energy during the 2nd quarter worth $25,000. Elevation Wealth Partners LLC lifted its holdings in shares of Atmos Energy by 627.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Atmos Energy in the second quarter worth $28,000. Finally, Downshift Financial LLC grew its position in Atmos Energy by 2,514.3% in the third quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on ATO shares. Barclays lowered their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Jefferies Financial Group cut their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a report on Thursday, October 1st. Argus reiterated a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a report on Tuesday, October 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $180.00 price objective (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Finally, Wells Fargo & Company assumed coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 price objective on the stock. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, Atmos Energy currently has an average rating of “Hold” and an average target price of $183.00.
View Our Latest Analysis on ATO
Atmos Energy Price Performance
Shares of ATO stock opened at $163.72 on Friday. 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 Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The firm has a market cap of $27.67 billion, a P/E ratio of 19.49, a P/E/G ratio of 2.65 and a beta of 0.57. The business’s 50 day moving average price is $164.11 and its 200-day moving average price is $173.20.
Atmos Energy (NYSE:ATO – Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $879.06 million during the quarter, compared to the consensus estimate 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 in the prior year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts anticipate that Atmos Energy Corporation will post 8.47 earnings per share for the current year.
Atmos Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s payout ratio is presently 47.62%.
Insider Buying and Selling
In related news, Director William Ware acquired 300 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the acquisition, the director owned 488 shares of the company’s stock, valued at $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 at this link. Company insiders own 0.43% of the company’s stock.
Atmos Energy Company Profile
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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