Excelsior Advisor Network LLC Invests $557,000 in Atmos Energy Corporation $ATO

Excelsior Advisor Network LLC bought a new position in Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,015 shares of the utilities provider’s stock, valued at approximately $557,000.

Several other large investors have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in Atmos Energy during the fourth quarter valued at $25,000. JFS Wealth Advisors LLC increased its stake in Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in Atmos Energy in the 4th quarter worth about $26,000. Princeton Global Asset Management LLC raised its holdings in shares of Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Atmos Energy in the 4th quarter valued at about $32,000. 90.17% of the stock is owned by institutional investors.

Atmos Energy Price Performance

ATO stock opened at $178.26 on Tuesday. The firm has a market cap of $29.76 billion, a P/E ratio of 21.90, a P/E/G ratio of 3.11 and a beta of 0.60. The firm’s fifty day moving average is $173.75 and its 200 day moving average is $177.82. Atmos Energy Corporation has a 52 week low of $154.23 and a 52 week high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.10. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same period in the prior year, the business posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy Corporation will post 8.44 earnings per share for the current year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.2%. Atmos Energy’s dividend payout ratio is presently 49.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ATO shares. Truist Financial upped their target price on shares of Atmos Energy from $187.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. Wells Fargo & Company started coverage on Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 price target for the company. Barclays dropped their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Citigroup increased their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Argus decreased their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Four equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and a consensus target price of $186.92.

About Atmos Energy

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.