12,367 Shares in Atmos Energy Corporation $ATO Bought by Community Trust & Investment Co.

Community Trust & Investment Co. bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 12,367 shares of the utilities provider’s stock, valued at approximately $1,935,000.

Other institutional investors have also bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in shares of Atmos Energy during the second quarter valued at approximately $25,000. Continuum Advisory LLC purchased a new position in Atmos Energy in the second quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth $28,000. Elevation Wealth Partners LLC lifted its holdings in Atmos Energy by 627.3% during the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the last quarter. Finally, Downshift Financial LLC lifted its holdings in Atmos Energy by 2,514.3% during the third quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. 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 stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director owned 488 shares in the company, valued at $81,783.92. This represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Argus restated a “buy” rating and set a $185.00 price target on shares of Atmos Energy in a research report on Tuesday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Wells Fargo & Company started coverage on Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, Atmos Energy presently has an average rating of “Hold” and a consensus price target of $183.00.

Atmos Energy Stock Down 0.1%

Atmos Energy stock opened at $163.72 on Friday. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The stock has a fifty day simple moving average of $164.11 and a two-hundred day simple moving average of $173.20. The firm has a market cap of $27.67 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 2.65 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO) last posted its 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 company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued 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 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.