10,278 Shares in Atmos Energy Corporation $ATO Purchased by Avidian Wealth Enterprises LLC

Key Points

• Avidian Wealth Enterprises acquired 10,278 shares of Atmos Energy in the third quarter, valued at approximately $1.6 million. Institutional investors collectively own 90.17% of the company.
• Atmos Energy reported quarterly earnings of $1.43 per share, exceeding analyst expectations of $1.35, while revenue of $879.06 million fell short of estimates. The company projects fiscal 2026 EPS of $8.40–$8.50.
• The company’s quarterly dividend is $1.00 per share, or $4.00 annualized, representing a 2.5% yield. Analysts maintain a consensus “Hold” rating with an average price target of $183.58.

Avidian Wealth Enterprises LLC acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 10,278 shares of the utilities provider's stock, valued at approximately $1,608,000.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth about $2,624,975,000. Bank of America Corp DE acquired a new position in shares of Atmos Energy during the second quarter worth approximately $720,212,000. Deutsche Bank AG bought a new position in shares of Atmos Energy in the 2nd quarter worth $431,677,000. Legal & General Group Plc bought a new stake in shares of Atmos Energy during the second quarter worth about $276,558,000. Finally, GQG Partners LLC acquired a new stake in shares of Atmos Energy in the 2nd quarter worth about $202,443,000. Institutional investors own 90.17% of the company's stock.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $161.69 on Friday. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The company has a 50 day simple moving average of $164.85 and a two-hundred day simple moving average of $173.79. The company has a market capitalization of $27.32 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 2.60 and a beta of 0.57. 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 issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company 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 quarter last year, the company posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a dividend of $1.00 per share. 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

Several brokerages have weighed in on ATO. Wells Fargo & Company initiated coverage on Atmos Energy in a research note on Monday, July 13th. They set an "overweight" rating and a $200.00 price objective on the stock. Truist Financial lowered their target price on shares of Atmos Energy from $188.00 to $179.00 and set a "hold" rating on the stock in a report on Thursday, August 13th. Argus reiterated a "buy" rating and set a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday. Morgan Stanley lowered their price target on Atmos Energy from $190.00 to $179.00 and set an "equal weight" rating on the stock in a report on Friday, September 18th. Finally, Jefferies Financial Group reduced their price objective on Atmos Energy from $173.00 to $167.00 and set a "hold" rating on the stock in a research report on Thursday, October 1st. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $183.58.

Insiders Place Their Bets

In related news, Director William Ware acquired 300 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director directly 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 filing with the SEC, which is available through this link. 0.43% of the stock is owned by insiders.

Atmos Energy 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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