WealthPlan Investment Management LLC Makes New Investment in Atmos Energy Corporation $ATO

WealthPlan Investment Management LLC bought a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,882 shares of the utilities provider’s stock, valued at approximately $764,000.

A number of other hedge funds also recently modified their holdings of ATO. BlackRock Inc. bought a new position in shares of Atmos Energy in the 2nd quarter valued at $2,624,975,000. Bank of America Corp DE bought a new stake in shares of Atmos Energy during the 2nd quarter worth $720,212,000. Deutsche Bank AG bought a new stake in shares of Atmos Energy during the 2nd quarter worth $431,677,000. Legal & General Group Plc bought a new stake in shares of Atmos Energy during the 2nd quarter worth $276,558,000. Finally, GQG Partners LLC acquired a new stake in Atmos Energy in the second quarter valued at about $202,443,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.1%

Shares of ATO stock opened at $163.72 on Friday. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a 50 day simple moving average of $164.11 and a two-hundred day simple moving average of $173.20. The company has a market cap of $27.67 billion, a P/E ratio of 19.49, a PEG ratio of 2.65 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The business had revenue of $879.06 million for the quarter, compared to analyst estimates 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 earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid 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 presently 47.62%.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director William Ware acquired 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The stock was purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Argus reissued a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday, October 6th. Truist Financial reduced their price target on shares of Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a research note on Thursday. Barclays reduced their price target on shares of 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. Jefferies Financial Group decreased 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Three equities research 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, the company presently has a consensus rating of “Hold” and a consensus price target of $183.00.

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.