AMG National Trust Bank purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,194 shares of the utilities provider's stock, valued at approximately $1,584,000.
Several other large investors also recently bought and sold shares of the business. Norges Bank bought a new stake in Atmos Energy in the 4th quarter worth approximately $331,426,000. Bank of America Corp DE boosted its holdings in Atmos Energy by 94.9% in the 2nd quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider's stock worth $562,851,000 after buying an additional 1,778,653 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Atmos Energy by 26,269.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider's stock worth $173,279,000 after acquiring an additional 1,029,781 shares during the period. Capital International Investors grew its holdings in Atmos Energy by 8.5% during the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider's stock valued at $1,993,968,000 after buying an additional 927,986 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in Atmos Energy during the second quarter valued at $151,166,000. 90.17% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director William James Ware purchased 300 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the transaction, the director owned 488 shares of the company's stock, valued at $81,783.92. This represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.43% of the company's stock.
Wall Street Analyst Weigh In
ATO has been the topic of a number of research reports. Truist Financial reduced their price objective on Atmos Energy from $188.00 to $179.00 and set a "hold" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. increased their price target on Atmos Energy from $196.00 to $198.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Mizuho lowered their price target on Atmos Energy from $192.00 to $184.00 and set a "neutral" rating for the company in a research report on Friday, May 29th. Wells Fargo & Company assumed coverage on shares of Atmos Energy in a research note on Monday, July 13th. They set an "overweight" rating and a $200.00 price objective for the company. Finally, Wall Street Zen cut shares of Atmos Energy from a "hold" rating to a "sell" rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $188.27.
Check Out Our Latest Stock Analysis on Atmos Energy
Atmos Energy Price Performance
Shares of ATO stock opened at $169.79 on Monday. 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 company has a market capitalization of $28.69 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.94 and a beta of 0.60. The company's 50-day simple moving average is $173.43 and its two-hundred day simple moving average is $178.24. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51.
Atmos Energy (NYSE:ATO - Get Free Report) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $900.82 million. During the same period last year, the company posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts anticipate that Atmos Energy Corporation will post 8.46 EPS for the current year.
Atmos Energy Announces Dividend
The company also recently announced 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy's dividend payout ratio is currently 47.56%.
Atmos Energy Company Profile
(
Free Report)
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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