3,300 Shares in Atmos Energy Corporation $ATO Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC bought a new position in Atmos Energy Corporation (NYSE:ATO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 3,300 shares of the utilities provider’s stock, valued at approximately $568,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Eurizon Capital SGR S.p.A. bought a new position in Atmos Energy in the 4th quarter valued at $34,582,000. Principal Financial Group Inc. grew its position in shares of Atmos Energy by 30.9% during the 4th quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after purchasing an additional 114,836 shares in the last quarter. Opal Capital LLC purchased a new position in shares of Atmos Energy during the 1st quarter valued at $6,154,000. Finally, Entropy Technologies LP bought a new position in shares of Atmos Energy in the first quarter worth $2,558,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATO. TD Cowen increased their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings cut Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley decreased their price objective on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $187.73.

Insiders Place Their Bets

In other news, Director William James Ware bought 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the transaction, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This represents 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 hyperlink. 0.43% of the stock is owned by insiders.

Atmos Energy Stock Down 2.0%

ATO opened at $167.16 on Friday. The stock has a market cap of $28.25 billion, a PE ratio of 19.88, a P/E/G ratio of 2.89 and a beta of 0.60. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51. The business’s fifty day simple moving average is $173.57 and its 200 day simple moving average is $178.26.

Atmos Energy (NYSE:ATO) last released 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 return on equity of 9.67% and a net margin of 28.50%.The business had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. During the same quarter last year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, research analysts expect that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

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.