Neumann Capital Management LLC Acquires 6,830 Shares of Atmos Energy Corporation $ATO

Key Points

• Neumann Capital Management acquired 6,830 Atmos Energy shares valued at approximately $1.07 million during the third quarter. Institutional investors collectively own 90.17% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $183. Several firms recently lowered targets, while ratings range from “Sell” to “Buy.”
• Atmos Energy reported quarterly EPS of $1.43, exceeding expectations of $1.35, and maintained fiscal 2026 EPS guidance of $8.40–$8.50. The company also pays a $1.00 quarterly dividend, representing a 2.4% yield.

Neumann Capital Management LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,830 shares of the utilities provider's stock, valued at approximately $1,068,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. NFSG Corp acquired a new position in shares of Atmos Energy in the third quarter valued at approximately $437,000. Activest Wealth Management boosted its position in Atmos Energy by 4,000.0% during the third quarter. Activest Wealth Management now owns 287 shares of the utilities provider's stock worth $49,000 after acquiring an additional 280 shares during the last quarter. Detalus Advisors LLC acquired a new stake in Atmos Energy during the third quarter worth approximately $141,000. Guyasuta Investment Advisors Inc. acquired a new stake in Atmos Energy during the third quarter worth approximately $279,000. Finally, Walser Wealth Management Company A Ltd Liability Co purchased a new stake in Atmos Energy in the 3rd quarter worth approximately $128,000. Hedge funds and other institutional investors own 90.17% of the company's stock.

Insider Activity

In related news, Director William Ware acquired 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares of the company's stock, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.43% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ATO has been the subject of several analyst reports. Wall Street Zen downgraded Atmos Energy from a "hold" rating to a "sell" rating in a report on Monday, August 3rd. Wells Fargo & Company assumed coverage on Atmos Energy in a report on Monday, July 13th. They set an "overweight" rating and a $200.00 price objective on the stock. Morgan Stanley decreased their price objective on Atmos Energy from $190.00 to $179.00 and set an "equal weight" rating on the stock in a report on Friday, September 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $180.00 price objective (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Atmos Energy in a research note on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Atmos Energy currently has a consensus rating of "Hold" and an average target price of $183.00.

Atmos Energy Price Performance

ATO opened at $163.72 on Friday. The company's 50 day simple moving average is $164.11 and its 200 day simple moving average is $173.20. 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 1 year low of $154.72 and a 1 year high of $192.51. The stock has a market capitalization of $27.67 billion, a PE ratio of 19.49, a P/E/G ratio of 2.65 and a beta of 0.57.

Atmos Energy (NYSE:ATO - Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period 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. As a group, sell-side analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid 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 currently 47.62%.

About Atmos Energy

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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