Atmos Energy Corporation $ATO Shares Newly Purchased by Kwmg LLC

Kwmg LLC purchased a new stake in Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 61,147 shares of the utilities provider’s stock, valued at approximately $9,566,000.

A number of other institutional investors have also modified their holdings of ATO. BlackRock Inc. acquired a new stake in Atmos Energy during the second quarter worth about $2,624,975,000. Bank of America Corp DE bought a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $720,212,000. Deutsche Bank AG acquired a new position in Atmos Energy during the 2nd quarter valued at approximately $431,677,000. Legal & General Group Plc acquired a new position in Atmos Energy during the 2nd quarter valued at approximately $276,558,000. Finally, GQG Partners LLC bought a new stake in Atmos Energy in the second quarter valued at $202,443,000. Institutional investors own 90.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director William Ware bought 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the purchase, 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 filing with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Price Performance

Shares of NYSE ATO traded up $0.58 during mid-day trading on Wednesday, reaching $160.32. 247,954 shares of the company traded hands, compared to its average volume of 1,223,453. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The firm has a market cap of $27.09 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 2.56 and a beta of 0.57. The stock has a fifty day simple moving average of $165.71 and a 200-day simple moving average of $174.19. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping 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 return on equity of 9.67% and a net margin of 28.50%.During the same period in the prior year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts anticipate that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Atmos Energy’s dividend payout ratio is 47.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Barclays decreased their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Finally, Argus reissued a “buy” rating and issued a $185.00 price target on shares of Atmos Energy in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $183.58.

Atmos Energy Profile

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.