Assetmark Inc. Sells 23,306 Shares of Atmos Energy Corporation $ATO

Key Points

• Assetmark Inc. sold 23,306 shares of Atmos Energy, reducing its stake by 21.1% to 87,011 shares worth $14.59 million (about 0.05% of the company) at quarter end.
• Atmos beat quarterly expectations with $2.44 EPS (vs. $2.41 est.) and $1.34 billion in revenue, and set FY 2026 guidance of 8.150–8.350 EPS (analysts currently project ~7.18 EPS for the year).
• The company pays a quarterly dividend of $1.00 ($4.00 annual; ~2.1% yield) with a payout ratio of ~52%, and carries a market cap of $31.1 billion with an average analyst rating of "Hold" and a consensus target of $179.

Assetmark Inc. reduced its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,011 shares of the utilities provider's stock after selling 23,306 shares during the quarter. Assetmark Inc. owned 0.05% of Atmos Energy worth $14,586,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ATO. Root Financial Partners LLC bought a new stake in shares of Atmos Energy during the 3rd quarter worth $25,000. JFS Wealth Advisors LLC lifted its position in shares of Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider's stock worth $26,000 after buying an additional 73 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Atmos Energy in the third quarter valued at about $29,000. Princeton Global Asset Management LLC raised its position in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider's stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Atmos Energy by 105.4% in the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 98 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Trading Up 0.9%

NYSE ATO opened at $187.98 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.13 and a quick ratio of 1.02. Atmos Energy Corporation has a one year low of $149.98 and a one year high of $192.51. The business has a 50 day simple moving average of $183.81 and a 200 day simple moving average of $175.77. The stock has a market capitalization of $31.10 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.22 and a beta of 0.69.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $2.44 EPS for the quarter, beating analysts' consensus estimates of $2.41 by $0.03. Atmos Energy had a return on equity of 9.20% and a net margin of 25.67%.The firm had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same quarter last year, the firm posted $2.23 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. Research analysts expect that Atmos Energy Corporation will post 7.18 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Monday, February 23rd. Atmos Energy's dividend payout ratio (DPR) is currently 51.95%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wall Street Zen upgraded Atmos Energy from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Barclays increased their target price on Atmos Energy from $167.00 to $184.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Atmos Energy in a research report on Monday, December 29th. Citigroup increased their target price on Atmos Energy from $163.00 to $182.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Finally, Morgan Stanley set a $192.00 target price on Atmos Energy in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $179.00.

Atmos Energy 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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