Banque Pictet & Cie SA Acquires 14,451 Shares of Atmos Energy Corporation $ATO

Key Points

• Banque Pictet & Cie SA acquired 14,451 shares of Atmos Energy in the third quarter, valued at approximately $2.26 million. Institutional investors and hedge funds collectively own 90.17% of the company.
• Analysts remain broadly cautious, with a consensus “Hold” rating and an average price target of $183.00; three analysts rate the stock Buy and ten rate it Hold.
• Atmos Energy reported quarterly EPS of $1.43, exceeding the $1.35 consensus estimate, and maintains FY 2026 EPS guidance of $8.40–$8.50. The company pays a quarterly dividend of $1.00 per share, representing a 2.4% yield.

Banque Pictet & Cie SA acquired a new position in Atmos Energy Corporation (NYSE:ATO - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,451 shares of the utilities provider's stock, valued at approximately $2,261,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Frazier Financial Advisors LLC acquired a new stake in shares of Atmos Energy during the second quarter worth $25,000. Continuum Advisory LLC bought a new position in shares of Atmos Energy in the 2nd quarter worth about $25,000. Elevation Wealth Partners LLC lifted its position in shares of Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider's stock worth $28,000 after buying an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. bought a new position in shares of Atmos Energy in the 2nd quarter worth about $28,000. Finally, Downshift Financial LLC boosted its holdings in shares of Atmos Energy by 2,514.3% in the 3rd quarter. Downshift Financial LLC now owns 183 shares of the utilities provider's stock valued at $29,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 90.17% of the company's stock.

Wall Street Analysts Forecast Growth

ATO has been the subject of a number of recent research reports. Wells Fargo & Company began coverage on shares of Atmos Energy in a research report on Monday, July 13th. They set an "overweight" rating and a $200.00 price objective for the company. Jefferies Financial Group dropped their price objective on shares of Atmos Energy from $173.00 to $167.00 and set a "hold" rating on the stock in a research note on Thursday, October 1st. Argus reissued a "buy" rating and issued a $185.00 target price on shares of Atmos Energy in a report on Tuesday, October 6th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Finally, Barclays decreased their target price on Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $183.00.

Insider Activity at Atmos Energy

In other news, Director William Ware purchased 300 shares of the stock in a transaction dated 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 transaction, the director owned 488 shares of the company's stock, valued at approximately $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.43% of the company's stock.

Atmos Energy Price Performance

Shares of ATO opened at $167.48 on Friday. The company has a market cap of $28.30 billion, a P/E ratio of 19.94, a PEG ratio of 2.71 and a beta of 0.57. The stock has a fifty day moving average price of $164.05 and a 200 day moving average price of $173.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month 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 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The firm 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 earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy's payout ratio is 47.62%.

Atmos Energy Company Profile

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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