Atmos Energy Corporation $ATO Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp lifted its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 531.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 41,543 shares of the utilities provider’s stock after buying an additional 34,964 shares during the period. Fifth Third Bancorp’s holdings in Atmos Energy were worth $7,674,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Atmos Energy during the fourth quarter worth approximately $233,000. Integrated Wealth Concepts LLC raised its holdings in Atmos Energy by 10.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Atmos Energy by 8.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after acquiring an additional 1,331 shares in the last quarter. Empowered Funds LLC boosted its stake in Atmos Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after acquiring an additional 245 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after acquiring an additional 4,088 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ATO has been the subject of several research reports. Mizuho decreased their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. TD Cowen upped their price target on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company started coverage on Atmos Energy in a research note on Monday. They set an “overweight” rating and a $200.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Truist Financial lowered their target price on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $186.33.

Atmos Energy Stock Performance

ATO stock opened at $175.07 on Thursday. The company has a 50-day simple moving average of $174.16 and a 200 day simple moving average of $177.28. The company has a market capitalization of $29.22 billion, a P/E ratio of 21.51, a PEG ratio of 3.09 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a fifty-two week low of $153.84 and a fifty-two week high of $192.51.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the business earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts predict that Atmos Energy Corporation will post 8.45 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Atmos Energy’s payout ratio is currently 49.14%.

Atmos Energy Company 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.