Adams Asset Advisors LLC Acquires New Stake in Atmos Energy Corporation $ATO

Key Points

• Adams Asset Advisors acquired 62,424 Atmos Energy shares in the third quarter, valued at approximately $9.8 million. Institutional investors collectively own 90.17% of the company.
• Atmos Energy reported quarterly EPS of $1.43, exceeding analyst expectations of $1.35, while revenue of $879.1 million fell short of estimates. The company maintained fiscal 2026 EPS guidance of $8.40–$8.50.
• The company pays a quarterly dividend of $1.00 per share, equivalent to a $4.00 annualized dividend and a 2.5% yield. Analysts have an overall “Hold” rating and a consensus price target of $183.58.

Adams Asset Advisors LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 62,424 shares of the utilities provider's stock, valued at approximately $9,766,000.

Several other large investors have also recently added to or reduced their stakes in ATO. BlackRock Inc. acquired a new stake in Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Bank of America Corp DE grew its stake in shares of Atmos Energy by 11.0% in the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider's stock worth $775,719,000 after acquiring an additional 416,933 shares in the last quarter. Deutsche Bank AG increased its position in shares of Atmos Energy by 1.7% during the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider's stock worth $484,009,000 after acquiring an additional 47,860 shares during the period. Amundi increased its position in shares of Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider's stock worth $314,171,000 after acquiring an additional 520,828 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Atmos Energy in the second quarter valued at $276,558,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atmos Energy

In related news, Director William Ware bought 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the acquisition, the director owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.43% of the company's stock.

Atmos Energy Stock Up 0.9%

Shares of ATO stock traded up $1.47 on Thursday, reaching $160.68. 2,138,024 shares of the stock were exchanged, compared to its average volume of 1,234,984. 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 50 day moving average price is $165.34 and its 200 day moving average price is $174.01. The company has a market capitalization of $27.15 billion, a price-to-earnings ratio of 19.13, a PEG ratio of 2.58 and a beta of 0.57. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51.

Atmos Energy (NYSE:ATO - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analysts' expectations of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same period last year, the firm earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts expect that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Atmos Energy's payout ratio is currently 47.62%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of Atmos Energy in a report on Friday, August 28th. Wells Fargo & Company started coverage on Atmos Energy in a research report on Monday, July 13th. They issued an "overweight" rating and a $200.00 price target on the stock. Argus reaffirmed a "buy" rating and issued a $185.00 price target on shares of Atmos Energy in a research report on Tuesday. Barclays lowered their price objective on Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $183.58.

About Atmos Energy

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.