Aventail Capital Group LP Trims Stock Position in Atmos Energy Corporation $ATO

Aventail Capital Group LP cut its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 191,137 shares of the utilities provider’s stock after selling 146,961 shares during the period. Atmos Energy makes up 1.8% of Aventail Capital Group LP’s investment portfolio, making the stock its 16th biggest holding. Aventail Capital Group LP’s holdings in Atmos Energy were worth $32,040,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Garner Asset Management Corp acquired a new stake in shares of Atmos Energy in the 4th quarter worth approximately $25,000. JFS Wealth Advisors LLC lifted its stake in shares of Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 73 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of Atmos Energy during the 4th quarter worth $26,000. Princeton Global Asset Management LLC lifted its stake in shares of Atmos Energy by 270.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Atmos Energy in the 4th quarter worth $32,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Stock Down 0.0%

Shares of Atmos Energy stock opened at $169.57 on Thursday. The business has a 50-day moving average of $179.28 and a 200-day moving average of $176.54. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The company has a market capitalization of $28.30 billion, a PE ratio of 20.83, a P/E/G ratio of 2.95 and a beta of 0.60. Atmos Energy Corporation has a 1-year low of $149.98 and a 1-year high of $192.51.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results 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 business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period last year, the firm earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts forecast that Atmos Energy Corporation will post 8.43 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is 49.14%.

Analysts Set New Price Targets

ATO has been the topic of several research reports. Mizuho cut their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Barclays increased their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial cut their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Citigroup increased their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $183.00 target price on Atmos Energy in a research report on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $181.90.

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.