24,124 Shares of Atmos Energy Corporation $ATO Bought by Annex Advisory Services LLC

Annex Advisory Services LLC purchased a new position in shares of 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 purchased 24,124 shares of the utilities provider's stock, valued at approximately $3,774,000.

Several other large investors have also recently added to or reduced their stakes in ATO. BlackRock Inc. purchased a new stake in shares of Atmos Energy during the 2nd quarter worth $2,624,975,000. Avidian Wealth Enterprises LLC acquired a new position in shares of Atmos Energy during the 3rd quarter worth $1,608,000. Rosenberg Matthew Hamilton increased its holdings in shares of Atmos Energy by 474.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider's stock valued at $934,000 after purchasing an additional 4,932 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Atmos Energy in the 2nd quarter valued at about $720,212,000. Finally, Opal Capital LLC purchased a new position in shares of Atmos Energy in the 1st quarter valued at about $6,154,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Stock Up 2.2%

Shares of NYSE:ATO opened at $167.48 on Friday. 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 Corporation has a 52-week low of $154.72 and a 52-week high of $192.51. The stock's fifty day simple moving average is $164.05 and its 200-day simple moving average is $173.16. The company has a market capitalization of $28.30 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.65 and a beta of 0.57.

Atmos Energy (NYSE:ATO - Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm had revenue of $879.06 million during 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 previous year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors 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 dividend payout ratio is 47.62%.

Insider Buying and Selling

In related news, Director William Ware acquired 300 shares of Atmos Energy stock in a transaction on 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 purchase, the director directly owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wall Street Zen cut shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Weiss Ratings restated a "buy (b)" rating on shares of Atmos Energy in a research report on Friday, August 28th. Wells Fargo & Company assumed coverage on shares of Atmos Energy in a report on Monday, July 13th. They issued an "overweight" rating and a $200.00 target price for the company. Truist Financial decreased their price target on Atmos Energy from $179.00 to $174.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group dropped their price objective on Atmos Energy from $173.00 to $167.00 and set a "hold" rating for the company in a research note on Thursday, October 1st. Three equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $183.00.

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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