Quantinno Capital Management LP boosted its stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) by 62.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 174,843 shares of the utilities provider’s stock after buying an additional 67,301 shares during the quarter. Quantinno Capital Management LP’s holdings in Atmos Energy were worth $32,297,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the stock. Garner Asset Management Corp purchased a new stake in shares of Atmos Energy in the 4th quarter valued at approximately $25,000. Kingdom Financial Group LLC. acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC boosted its position 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. Elevated Capital Advisors LLC purchased a new position in shares of Atmos Energy during the 4th quarter worth approximately $32,000. Finally, DV Equities LLC acquired a new stake in Atmos Energy in the 4th quarter valued at approximately $37,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Morgan Stanley set a $196.00 price target on Atmos Energy in a research report on Wednesday, July 22nd. Barclays dropped their price objective 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 boosted their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $186.92.
Atmos Energy Trading Down 0.7%
Shares of ATO stock opened at $173.12 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The stock has a market capitalization of $28.90 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.60. The company has a 50 day moving average price of $173.65 and a 200 day moving average price of $178.01. Atmos Energy Corporation has a fifty-two week low of $154.55 and a fifty-two week high of $192.51.
Atmos Energy (NYSE:ATO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.10. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 firm earned $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 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. Shareholders of record on Tuesday, May 26th were paid a $1.00 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s payout ratio is 49.14%.
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.
See Also
- Five stocks we like better than Atmos Energy
- Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector
- Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case
- Apple’s Record Quarter Could Not Outrun Its Guidance Problem
- McKesson’s Compounding Keeps Adding Up
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO – Free Report).
Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.
