AXQ Capital LP Takes Position in Atmos Energy Corporation $ATO

Key Points

• AXQ Capital LP initiated a new Atmos Energy position, purchasing 11,224 shares worth approximately $1.93 million. Institutional investors collectively own 90.17% of the company.
• Analyst sentiment remains cautious: four analysts rate Atmos Energy a Buy and nine rate it a Hold, producing a consensus rating of Hold and an average price target of $187.73.
• Atmos Energy reported quarterly EPS of $1.43, beating estimates of $1.35, and declared a $1.00 quarterly dividend, equivalent to a 2.4% annual yield.

AXQ Capital LP purchased a new stake in Atmos Energy Corporation (NYSE:ATO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 11,224 shares of the utilities provider's stock, valued at approximately $1,934,000.

Several other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC purchased a new stake in shares of Atmos Energy during the 4th quarter valued at approximately $233,000. Integrated Wealth Concepts LLC increased its holdings in Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider's stock valued at $490,000 after purchasing an additional 308 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider's stock valued at $2,676,000 after purchasing an additional 1,331 shares during the last quarter. Empowered Funds LLC raised its position in Atmos Energy by 8.5% in the first quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider's stock valued at $482,000 after purchasing an additional 245 shares during the period. Finally, Woodline Partners LP raised its position in Atmos Energy by 43.9% in the first quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider's stock valued at $2,073,000 after purchasing an additional 4,088 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ATO has been the subject of a number of research reports. Mizuho dropped their price objective on Atmos Energy from $192.00 to $184.00 and set a "neutral" rating for the company in a research note on Friday, May 29th. Barclays reduced their price target on shares of Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 14th. Citigroup lifted their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Argus cut their target price on shares of Atmos Energy from $190.00 to $185.00 and set a "buy" rating on the stock in a research note on Thursday, July 2nd. Finally, Truist Financial cut their price objective on Atmos Energy from $188.00 to $179.00 and set a "hold" rating on the stock in a research report on Thursday, August 13th. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $187.73.

Atmos Energy Stock Down 1.0%

Shares of NYSE:ATO opened at $167.38 on Friday. Atmos Energy Corporation has a 1-year low of $160.10 and a 1-year high of $192.51. 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 stock has a market cap of $28.29 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.93 and a beta of 0.60. The firm has a fifty day moving average price of $172.89 and a 200 day moving average price of $177.90.

Atmos Energy (NYSE:ATO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating 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 period in the previous year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts predict that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid 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 (DPR) is 47.56%.

Insider Buying and Selling at Atmos Energy

In related news, Director William Ware bought 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 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 position. The transaction 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.

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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