Signal Advisors Wealth LLC bought a new position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,030 shares of the utilities provider's stock, valued at approximately $1,256,000.
Several other hedge funds have also recently modified their holdings of ATO. BlackRock Inc. purchased a new position in shares of Atmos Energy in the 2nd quarter worth approximately $2,624,975,000. Bank of America Corp DE bought a new position in shares of Atmos Energy in the second quarter valued at approximately $720,212,000. Deutsche Bank AG bought a new position in shares of Atmos Energy in the second quarter valued at approximately $431,677,000. Legal & General Group Plc purchased a new stake in shares of Atmos Energy during the second quarter valued at approximately $276,558,000. Finally, GQG Partners LLC purchased a new stake in shares of Atmos Energy during the second quarter valued at approximately $202,443,000. Institutional investors own 90.17% of the company's stock.
Wall Street Analysts Forecast Growth
ATO has been the topic of a number of recent analyst reports. Morgan Stanley dropped 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. Jefferies Financial Group cut 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. Wall Street Zen downgraded Atmos Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Barclays reduced their price objective on Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 14th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Atmos Energy in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $183.00.
Get Our Latest Research Report on Atmos Energy
Atmos Energy Stock Down 0.1%
ATO opened at $163.72 on Friday. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. The company's 50-day moving average price is $164.11 and its two-hundred day moving average price is $173.20. The stock has a market cap of $27.67 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.65 and a beta of 0.57. 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 (NYSE:ATO - Get Free Report) last issued its quarterly 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 company had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same quarter last year, the business posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts expect that Atmos Energy Corporation will post 8.47 earnings per share for the current year.
Atmos Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy's dividend payout ratio is presently 47.62%.
Insiders Place Their Bets
In other news, Director William Ware acquired 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director owned 488 shares in the company, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.43% of the company's stock.
About Atmos Energy
(
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.
Read More
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO - Free Report).

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