Reaves W H & Co. Inc. Reduces Stock Holdings in Atmos Energy Corporation $ATO

Reaves W H & Co. Inc. lowered its position in Atmos Energy Corporation (NYSE:ATO) by 84.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,678 shares of the utilities provider’s stock after selling 88,508 shares during the quarter. Reaves W H & Co. Inc.’s holdings in Atmos Energy were worth $2,796,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Garner Asset Management Corp purchased a new position in shares of Atmos Energy in the fourth quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new position in shares of Atmos Energy in the fourth quarter valued at $26,000. JFS Wealth Advisors LLC increased its position in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after buying an additional 73 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in shares of Atmos Energy by 105.4% in the third quarter. SBI Securities Co. Ltd. now owns 191 shares of the utilities provider’s stock valued at $33,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.1%

Atmos Energy stock opened at $168.96 on Monday. The stock has a market cap of $28.20 billion, a PE ratio of 20.76, a P/E/G ratio of 2.94 and a beta of 0.60. The stock has a 50-day moving average price of $183.33 and a 200 day moving average price of $177.17. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65.

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. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter last year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts predict that Atmos Energy Corporation will post 8.44 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho dropped their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday. Barclays raised their price target on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial dropped their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Weiss Ratings cut Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Thursday, May 7th. Finally, Citigroup lifted their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $181.90.

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.