Adirondack Trust Co. Buys 3,993 Shares of Atmos Energy Corporation $ATO

Adirondack Trust Co. bought a new stake in Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,993 shares of the utilities provider’s stock, valued at approximately $625,000.

A number of other hedge funds also recently modified their holdings of ATO. ABLE Financial Group LLC acquired a new stake in Atmos Energy during the 3rd quarter worth about $272,000. MinichMacGregor Wealth Management LLC acquired a new position in shares of Atmos Energy in the 3rd quarter valued at about $4,985,000. First Citizens Bank & Trust Co. acquired a new position in shares of Atmos Energy in the 3rd quarter valued at about $1,830,000. Fearless Solutions LLC dba Best Invest purchased a new stake in shares of Atmos Energy in the third quarter worth approximately $814,000. Finally, Focus Financial Network Inc. acquired a new position in Atmos Energy in the 3rd quarter valued at approximately $279,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Up 0.2%

Shares of Atmos Energy stock traded up $0.31 during trading on Wednesday, hitting $163.78. 190,683 shares of the stock traded hands, compared to its average volume of 1,226,640. The stock has a market cap of $27.68 billion, a P/E ratio of 19.47, a PEG ratio of 2.63 and a beta of 0.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. The company has a fifty day moving average price of $164.44 and a two-hundred day moving average price of $173.47.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million for 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 quarter in the prior year, the company posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business 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 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio is 47.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ATO shares. Argus reiterated a “buy” rating and issued a $185.00 target price on shares of Atmos Energy in a research report on Tuesday, October 6th. Jefferies Financial Group lowered their price target on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday, October 1st. JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Morgan Stanley dropped their price target on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Finally, Wells Fargo & Company initiated coverage on Atmos Energy in a report on Monday, July 13th. They set 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 given a Hold rating to the stock. According to MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $183.58.

Insider Activity

In related news, Director William Ware acquired 300 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.43% of the company’s stock.

Atmos Energy Company 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.