KBC Group NV Has $58.43 Million Stock Position in Atmos Energy Corporation $ATO

KBC Group NV cut its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 316,327 shares of the utilities provider’s stock after selling 8,046 shares during the period. KBC Group NV’s holdings in Atmos Energy were worth $58,432,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ATO. Compound Planning Inc. lifted its position in Atmos Energy by 3.6% in the 4th quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock valued at $277,000 after acquiring an additional 58 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in Atmos Energy by 3.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 60 shares during the last quarter. MGO One Seven LLC increased its holdings in Atmos Energy by 4.3% during the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 62 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in Atmos Energy by 0.8% during the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after purchasing an additional 65 shares in the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

ATO has been the topic of a number of recent research reports. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Wells Fargo & Company began coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 price target for the company. Citigroup increased their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial raised their price objective on Atmos Energy from $187.00 to $188.00 and gave the company a “hold” rating in a research note on Friday. Finally, Barclays cut their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $186.42.

Atmos Energy Price Performance

Atmos Energy stock opened at $177.38 on Tuesday. Atmos Energy Corporation has a 52 week low of $154.23 and a 52 week high of $192.51. The company’s 50 day moving average price is $173.93 and its two-hundred day moving average price is $177.47. The stock has a market cap of $29.61 billion, a P/E ratio of 21.79, a P/E/G ratio of 3.08 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.10. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period in the prior year, the company posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts predict that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s payout ratio is currently 49.14%.

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.