Ninety One UK Ltd acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 182,963 shares of the utilities provider's stock, valued at approximately $28,623,000. Ninety One UK Ltd owned 0.11% of Atmos Energy as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the business. Summit Financial Wealth Advisors LLC lifted its position in shares of Atmos Energy by 3,576.8% during the third quarter. Summit Financial Wealth Advisors LLC now owns 46,401 shares of the utilities provider's stock worth $7,259,000 after purchasing an additional 45,139 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Atmos Energy by 164.6% during the third quarter. State of Alaska Department of Revenue now owns 43,284 shares of the utilities provider's stock valued at $6,771,000 after purchasing an additional 26,928 shares during the period. Charles Schwab Trust Co bought a new position in shares of Atmos Energy in the third quarter worth about $172,000. Trust Co. of Oklahoma bought a new position in shares of Atmos Energy in the third quarter worth about $356,000. Finally, Turtle Creek Wealth Advisors LLC grew its holdings in shares of Atmos Energy by 77.2% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 3,519 shares of the utilities provider's stock worth $551,000 after purchasing an additional 1,533 shares during the last quarter. Institutional investors own 90.17% of the company's stock.
Insider Buying and Selling
In other Atmos Energy news, Director William Ware bought 300 shares of the business's stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the transaction, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.43% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on ATO shares. Wall Street Zen downgraded shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Atmos Energy in a research report on Friday, August 28th. Argus reissued a "buy" rating and issued a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday, October 6th. 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 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $183.00.
Check Out Our Latest Research Report on ATO
Atmos Energy Price Performance
ATO opened at $163.72 on Friday. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month high of $192.51. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The business's fifty day simple moving average is $164.11 and its 200-day simple moving average is $173.20. The company has a market capitalization of $27.67 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.65 and a beta of 0.57.
Atmos Energy (NYSE:ATO - Get Free Report) last announced 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. The firm had revenue of $879.06 million for the quarter, compared to analyst estimates 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 last year, the firm posted $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 fiscal year.
Atmos Energy Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy's dividend payout ratio is presently 47.62%.
Atmos Energy 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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