Atmos Energy Corporation $ATO Stock Holdings Raised by Summit Financial Wealth Advisors LLC

Key Points

• Summit Financial Wealth Advisors increased its Atmos Energy stake by 3,576.8% in the third quarter, holding 46,401 shares valued at approximately $7.26 million. Institutional investors collectively own 90.17% of the company.
• Atmos Energy reported quarterly EPS of $1.43, exceeding estimates of $1.35, while revenue of $879.1 million fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $8.40–$8.50 and pays an annualized dividend of $4.00 per share, yielding about 2.4%.
• Analysts maintain a generally cautious view, with three Buy ratings and eleven Holds, producing a consensus rating of Hold and an average price target of $183.17 versus the stock’s recent price of $164.27.

Summit Financial Wealth Advisors LLC raised its stake in Atmos Energy Corporation (NYSE:ATO - Free Report) by 3,576.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,401 shares of the utilities provider's stock after purchasing an additional 45,139 shares during the period. Atmos Energy accounts for 0.9% of Summit Financial Wealth Advisors LLC's holdings, making the stock its 29th biggest holding. Summit Financial Wealth Advisors LLC's holdings in Atmos Energy were worth $7,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth about $2,624,975,000. Bank of America Corp DE increased its position in Atmos Energy by 11.0% in the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider's stock valued at $775,719,000 after buying an additional 416,933 shares in the last quarter. Deutsche Bank AG bought a new stake in Atmos Energy in the 2nd quarter valued at about $431,677,000. Amundi raised its stake in Atmos Energy by 40.0% during the 2nd quarter. Amundi now owns 1,823,714 shares of the utilities provider's stock worth $314,171,000 after buying an additional 520,828 shares during the period. Finally, Legal & General Group Plc acquired a new position in Atmos Energy during the 2nd quarter worth approximately $276,558,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Atmos Energy Stock Up 0.2%

Shares of NYSE ATO traded up $0.33 during mid-day trading on Thursday, reaching $164.27. 244,630 shares of the company's stock traded hands, compared to its average volume of 1,225,112. 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 business has a 50-day simple moving average of $164.27 and a 200 day simple moving average of $173.34. The stock has a market cap of $27.76 billion, a P/E ratio of 19.56, a PEG ratio of 2.64 and a beta of 0.57. Atmos Energy Corporation has a 1-year low of $154.72 and a 1-year high of $192.51.

Atmos Energy (NYSE:ATO - Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share 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 company had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. During the same quarter in the prior year, the business posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a dividend of $1.00 per share. 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 47.62%.

Analyst Ratings Changes

ATO has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Atmos Energy from $190.00 to $179.00 and set an "equal weight" rating for the company in a research note on Friday, September 18th. Wall Street Zen downgraded Atmos Energy from a "hold" rating to a "sell" rating in a report on Monday, August 3rd. Argus reaffirmed a "buy" rating and set a $185.00 target price on shares of Atmos Energy in a research report on Tuesday, October 6th. Jefferies Financial Group cut their target price on Atmos Energy from $173.00 to $167.00 and set a "hold" rating on the stock in a report on Thursday, October 1st. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Atmos Energy presently has an average rating of "Hold" and a consensus target price of $183.17.

Insider Buying and Selling

In related news, Director William Ware purchased 300 shares of the stock in a transaction that occurred 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 transaction, the director owned 488 shares of the company's stock, valued at $81,783.92. This represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company's stock.

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.

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