6,210 Shares in Atmos Energy Corporation $ATO Purchased by Coastal Bridge Advisors LLC

Key Points

• Coastal Bridge Advisors purchased 6,210 Atmos Energy shares worth approximately $1.07 million in the second quarter. Institutional investors collectively own 90.17% of the utility company.
• Atmos Energy exceeded quarterly earnings expectations, reporting EPS of $1.43 versus the $1.35 consensus estimate, while revenue of $879.06 million fell short of forecasts. The company guided to fiscal 2026 EPS of $8.40–$8.50.
• Atmos Energy declared a quarterly dividend of $1.00 per share, equal to $4.00 annually and a 2.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $187.73, compared with the stock’s reported $167.18 price.

Coastal Bridge Advisors LLC bought a new stake in Atmos Energy Corporation (NYSE:ATO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,210 shares of the utilities provider's stock, valued at approximately $1,070,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. acquired a new stake in shares of Atmos Energy during the 2nd quarter worth about $1,161,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Atmos Energy during the second quarter worth about $9,146,000. Transamerica Financial Advisors LLC acquired a new position in shares of Atmos Energy in the second quarter valued at approximately $60,000. Corient Private Wealth LP acquired a new position in shares of Atmos Energy in the second quarter valued at approximately $15,269,000. Finally, Bank of America Corp DE purchased a new position in shares of Atmos Energy during the second quarter valued at approximately $720,212,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Trading Down 1.3%

Shares of ATO stock opened at $167.18 on Friday. The firm has a market cap of $28.25 billion, a P/E ratio of 19.88, a PEG ratio of 2.93 and a beta of 0.60. Atmos Energy Corporation has a 1-year low of $160.10 and a 1-year high of $192.51. 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's 50-day simple moving average is $173.44 and its 200-day simple moving average is $178.26.

Atmos Energy (NYSE:ATO - Get Free Report) last released 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. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The business had revenue of $879.06 million for the quarter, compared to analysts' expectations of $900.82 million. During the same period last year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts forecast that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy's dividend payout ratio (DPR) is 47.56%.

Analyst Upgrades and Downgrades

ATO has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Atmos Energy from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, June 2nd. Barclays cut their price target on Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating for the company in a report on Tuesday, July 14th. Truist Financial reduced their price target on Atmos Energy from $188.00 to $179.00 and set a "hold" rating on the stock in a research note on Thursday, August 13th. Mizuho decreased their price objective on Atmos Energy from $192.00 to $184.00 and set a "neutral" rating on the stock in a report on Friday, May 29th. Finally, Wells Fargo & Company initiated coverage on Atmos Energy in a research report on Monday, July 13th. They issued an "overweight" rating and a $200.00 price objective for the company. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $187.73.

Insider Buying and Selling at Atmos Energy

In related news, Director William James Ware acquired 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares of the company's stock, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is currently owned by company insiders.

About Atmos Energy

Atmos Energy Corporation NYSE: ATO is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos's core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company's services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.

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