Peddock Capital Advisors LLC Buys New Holdings in Atmos Energy Corporation $ATO

Peddock Capital Advisors LLC bought a new stake in Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 8,445 shares of the utilities provider’s stock, valued at approximately $1,321,000.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in Atmos Energy during the 3rd quarter worth approximately $179,000. ARS Wealth Advisors Group LLC acquired a new stake in shares of Atmos Energy in the 3rd quarter valued at $438,000. Banque Pictet & Cie SA acquired a new stake in shares of Atmos Energy in the 3rd quarter valued at $2,261,000. Cyndeo Wealth Partners LLC acquired a new stake in shares of Atmos Energy in the 3rd quarter valued at $274,000. Finally, Hanson & Doremus Investment Management lifted its position in shares of Atmos Energy by 9,319.3% during the 3rd quarter. Hanson & Doremus Investment Management now owns 14,129 shares of the utilities provider’s stock worth $2,210,000 after purchasing an additional 13,979 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity

In other news, Director William Ware purchased 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Barclays cut their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Argus reaffirmed a “buy” rating and set a $185.00 price target on shares of Atmos Energy in a report on Tuesday, October 6th. Finally, Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atmos Energy currently has a consensus rating of “Hold” and an average price target of $183.00.

Atmos Energy Stock Performance

NYSE:ATO traded up $3.53 during midday trading on Friday, reaching $167.48. The stock had a trading volume of 955,892 shares, compared to its average volume of 1,138,878. The firm has a fifty day simple moving average of $164.05 and a two-hundred day simple moving average of $173.16. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month high of $192.51. 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 cap of $28.30 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.65 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period in the previous year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid 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 was Monday, August 24th. Atmos Energy’s payout ratio is 47.62%.

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.