Bank of New York Mellon Corp Acquires Shares of 877,494 Atmos Energy Corporation $ATO

Bank of New York Mellon Corp acquired a new stake in Atmos Energy Corporation (NYSE:ATO - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 877,494 shares of the utilities provider's stock, valued at approximately $151,166,000. Bank of New York Mellon Corp owned 0.53% of Atmos Energy at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Garner Asset Management Corp purchased a new position in Atmos Energy in the 4th quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new stake in Atmos Energy during the fourth quarter worth $26,000. Elevation Wealth Partners LLC grew its stake in Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider's stock valued at $28,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Atmos Energy in the 1st quarter valued at about $34,000. Finally, DV Equities LLC purchased a new position in Atmos Energy during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ATO shares. Wall Street Zen lowered shares of Atmos Energy from a "hold" rating to a "sell" rating in a research report on Monday, August 3rd. Weiss Ratings cut shares of Atmos Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, June 2nd. Wells Fargo & Company started coverage on Atmos Energy in a report on Monday, July 13th. They issued an "overweight" rating and a $200.00 price target for the company. Argus reduced their price target on 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, JPMorgan Chase & Co. raised their price objective on Atmos Energy from $196.00 to $198.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $187.73.

Atmos Energy Stock Performance

Shares of NYSE:ATO opened at $167.16 on Monday. The business's 50-day simple moving average is $173.57 and its 200 day simple moving average is $178.34. The company has a market cap of $28.25 billion, a P/E ratio of 19.88, a PEG ratio of 2.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. 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 posted its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $900.82 million. During the same period in the prior year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a dividend of $1.00 per share. 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 47.56%.

Insider Buying and Selling at Atmos Energy

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

Atmos Energy Company 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.

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source