Mainstay Capital Management LLC ADV Sells 3,457 Shares of Atmos Energy Corporation $ATO

Mainstay Capital Management LLC ADV decreased its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 50.0% during the third quarter, HoldingsChannel.com reports. The fund owned 3,457 shares of the utilities provider’s stock after selling 3,457 shares during the period. Mainstay Capital Management LLC ADV’s holdings in Atmos Energy were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ATO. Allworth Financial LP grew its holdings in Atmos Energy by 11.0% during the third quarter. Allworth Financial LP now owns 1,478 shares of the utilities provider’s stock valued at $252,000 after purchasing an additional 147 shares during the last quarter. IFP Advisors Inc raised its position in shares of Atmos Energy by 4.0% in the third quarter. IFP Advisors Inc now owns 2,170 shares of the utilities provider’s stock valued at $378,000 after purchasing an additional 84 shares during the period. Swiss Life Asset Management Ltd lifted its stake in shares of Atmos Energy by 133.1% in the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after buying an additional 22,784 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Atmos Energy by 13.4% in the third quarter. JPMorgan Chase & Co. now owns 479,308 shares of the utilities provider’s stock worth $81,848,000 after buying an additional 56,604 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Atmos Energy during the 3rd quarter worth $3,771,000. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ATO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research note on Monday, December 29th. Barclays boosted their target price on shares of Atmos Energy from $165.00 to $167.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 27th. Citigroup raised their price target on Atmos Energy from $163.00 to $182.00 and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Morgan Stanley set a $192.00 price objective on Atmos Energy in a research note on Friday, February 20th. Finally, Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $175.67.

Atmos Energy Trading Down 0.9%

Shares of Atmos Energy stock opened at $185.32 on Thursday. Atmos Energy Corporation has a 1 year low of $141.59 and a 1 year high of $190.13. The company’s fifty day simple moving average is $176.28 and its 200-day simple moving average is $172.76. The company has a market cap of $30.66 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.23 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, February 3rd. The utilities provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.41 by $0.03. Atmos Energy had a net margin of 25.67% and a return on equity of 9.20%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the prior year, the company earned $2.23 EPS. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. As a group, sell-side analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, February 23rd were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Atmos Energy’s dividend payout ratio is currently 51.95%.

Atmos Energy 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.