Atmos Energy Corporation $ATO Shares Newly Bought by Mitchell & Pahl Private Wealth LLC

Mitchell & Pahl Private Wealth LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,145 shares of the utilities provider’s stock, valued at approximately $2,369,000.

A number of other hedge funds also recently made changes to their positions in ATO. BlackRock Inc. purchased a new position in Atmos Energy during the second quarter valued at approximately $2,624,975,000. Avidian Wealth Enterprises LLC bought a new stake in shares of Atmos Energy during the 3rd quarter valued at $1,608,000. Rosenberg Matthew Hamilton raised its position in shares of Atmos Energy by 474.7% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 4,932 shares during the period. Bank of America Corp DE bought a new stake in shares of Atmos Energy during the 2nd quarter valued at $720,212,000. Finally, Opal Capital LLC purchased a new position in shares of Atmos Energy during the 1st quarter valued at $6,154,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Price Performance

NYSE ATO traded up $0.42 on Wednesday, reaching $163.89. The company had a trading volume of 871,263 shares, compared to its average volume of 1,230,187. 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 stock has a market capitalization of $27.70 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57. The firm’s 50 day moving average price is $164.44 and its 200 day moving average price is $173.47. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. The business 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 quarter in the prior year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts predict that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy’s payout ratio is currently 47.62%.

Insider Activity at Atmos Energy

In other news, Director William Ware purchased 300 shares of the company’s stock in a transaction that occurred on 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 completion of the purchase, the director owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ATO. Argus reaffirmed a “buy” rating and issued a $185.00 target price on shares of Atmos Energy in a report on Tuesday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Barclays decreased their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Jefferies Financial Group lowered their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research report on Thursday, October 1st. Finally, Wells Fargo & Company began coverage on Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective for the company. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.