6,432 Shares in Atmos Energy Corporation $ATO Acquired by Gallo Partners LP

Key Points

• Gallo Partners LP acquired 6,432 Atmos Energy shares worth approximately $1.1 million in the second quarter, making the utility stock 2.5% of the fund’s portfolio. Institutional investors collectively own 90.17% of Atmos Energy.
• Analyst sentiment remains mixed: four analysts rate Atmos Energy a Buy and nine rate it a Hold, resulting in a consensus Hold rating and an average price target of $187.73.
• Atmos Energy exceeded quarterly earnings expectations, reporting $1.43 EPS versus the $1.35 consensus estimate, and reaffirmed fiscal 2026 guidance of $8.40–$8.50 EPS. The company also declared a quarterly dividend of $1.00 per share, representing a 2.4% annualized yield.

Gallo Partners LP bought a new position in Atmos Energy Corporation (NYSE:ATO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 6,432 shares of the utilities provider's stock, valued at approximately $1,108,000. Atmos Energy comprises approximately 2.5% of Gallo Partners LP's holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of ATO. Compound Planning Inc. raised its stake in shares of Atmos Energy by 3.6% during the fourth quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider's stock worth $277,000 after acquiring an additional 58 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Atmos Energy by 4.3% in the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider's stock valued at $254,000 after purchasing an additional 62 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Atmos Energy by 0.8% in the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider's stock valued at $1,506,000 after purchasing an additional 65 shares in the last quarter. Root Financial Partners LLC boosted its stake in shares of Atmos Energy by 39.1% in the 1st quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider's stock valued at $43,000 after purchasing an additional 66 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Atmos Energy by 6.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider's stock valued at $193,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company's stock.

Insider Buying and Selling

In other Atmos Energy news, Director William James Ware acquired 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, for a total transaction of $50,277.00. Following the completion of the acquisition, the director owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on ATO. JPMorgan Chase & Co. boosted their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Wall Street Zen cut Atmos Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Citigroup lifted their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Argus lowered their target price on Atmos Energy from $190.00 to $185.00 and set a "buy" rating for the company in a research note on Thursday, July 2nd. Finally, Weiss Ratings cut Atmos Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $187.73.

Atmos Energy Stock Performance

NYSE:ATO opened at $167.16 on Monday. The firm's fifty day simple moving average is $173.57 and its 200 day simple moving average is $178.34. The stock has a market cap of $28.25 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. 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 twelve month low of $160.10 and a twelve month high of $192.51.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating 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 company had revenue of $879.06 million for the quarter, compared to analysts' expectations of $900.82 million. During the same quarter in the previous 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, research analysts predict that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $1.00 per share. 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 payout ratio is 47.56%.

Atmos Energy Company Profile

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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