Kingsview Wealth Management LLC Takes $1.06 Million Position in Atmos Energy Corporation $ATO

Key Points

• Kingsview Wealth Management initiated a $1.06 million position in Atmos Energy during the second quarter, purchasing 6,134 shares. Institutional investors and hedge funds collectively own 90.17% of the company.
• Atmos Energy reported quarterly EPS of $1.43, exceeding estimates of $1.35, while revenue of $879.06 million fell short of expectations. The company reaffirmed fiscal 2026 EPS guidance of $8.40–$8.50.
• The company declared a quarterly dividend of $1.00, equal to a 2.4% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $187.73, compared with a recent share price of $166.77.

Kingsview Wealth Management LLC bought a new position in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,134 shares of the utilities provider's stock, valued at approximately $1,057,000.

Other large investors have also bought and sold shares of the company. Frazier Financial Advisors LLC bought a new stake in Atmos Energy in the second quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth about $28,000. Garner Asset Management Corp bought a new position in shares of Atmos Energy during the 4th quarter worth about $25,000. Kingdom Financial Group LLC. acquired a new stake in shares of Atmos Energy in the 4th quarter valued at about $26,000. Finally, Elevation Wealth Partners LLC grew its stake 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 valued at $28,000 after buying an additional 138 shares during the period. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

Shares of Atmos Energy stock opened at $166.77 on Friday. 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 business has a 50 day moving average price of $173.37 and a 200-day moving average price of $178.18. The company has a market cap of $28.18 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analysts' expectations of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same quarter in the previous year, the firm earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

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 issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy's dividend payout ratio is currently 47.56%.

Analysts Set New Price Targets

ATO has been the topic of a number of research reports. Weiss Ratings downgraded Atmos Energy from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, June 2nd. TD Cowen raised their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a "hold" rating in a research note on Friday, May 15th. Morgan Stanley decreased their price objective on Atmos Energy from $196.00 to $190.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Wells Fargo & Company started coverage on Atmos Energy in a research report on Monday, July 13th. They set an "overweight" rating and a $200.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Atmos Energy from $196.00 to $198.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, Atmos Energy presently has an average rating of "Hold" and a consensus target price of $187.73.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director William James Ware bought 300 shares of the firm's stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $167.59 per share, with a total value of $50,277.00. Following the transaction, the director directly owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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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