Focus Partners Advisor Solutions LLC Buys New Stake in Atmos Energy Corporation $ATO

Focus Partners Advisor Solutions LLC purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,273 shares of the utilities provider's stock, valued at approximately $1,081,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ATO. Garner Asset Management Corp acquired a new position in shares of Atmos Energy in the fourth quarter worth about $25,000. Kingdom Financial Group LLC. purchased a new stake in shares of Atmos Energy during the 4th quarter worth about $26,000. Elevation Wealth Partners LLC grew its position in shares of Atmos Energy by 627.3% during 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 period. Elevated Capital Advisors LLC acquired a new stake in shares of Atmos Energy during the 4th quarter valued at about $32,000. Finally, Western Wealth Management LLC purchased a new position in shares of Atmos Energy in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 90.17% of the company's stock.

Atmos Energy Stock Down 0.1%

ATO stock opened at $169.79 on Monday. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The firm has a 50-day simple moving average of $173.43 and a 200-day simple moving average of $178.24. The stock has a market capitalization of $28.69 billion, a P/E ratio of 20.19, a P/E/G ratio of 2.94 and a beta of 0.60.

Atmos Energy (NYSE:ATO - Get Free Report) last issued its quarterly earnings results 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 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 posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Atmos Energy's dividend payout ratio is presently 47.56%.

Insider Activity at Atmos Energy

In other news, Director William James Ware bought 300 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were 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 directly owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ATO. Argus reduced their price target on Atmos Energy from $190.00 to $185.00 and set a "buy" rating for the company in a report on Thursday, July 2nd. Weiss Ratings lowered Atmos Energy from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price objective on Atmos Energy from $196.00 to $198.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Mizuho reduced their target price 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. Finally, Citigroup increased their target price on Atmos Energy from $182.00 to $191.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $188.27.

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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