Gallo Partners LP Buys Shares of 6,432 Atmos Energy Corporation $ATO

Gallo Partners LP acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 6,432 shares of the utilities provider’s stock, valued at approximately $1,108,000. Atmos Energy makes up about 2.5% of Gallo Partners LP’s portfolio, making the stock its 16th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new stake in Atmos Energy in the fourth quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new stake in shares of Atmos Energy during the 2nd quarter valued at about $25,000. Kingdom Financial Group LLC. purchased a new stake in Atmos Energy during the 4th quarter valued at $26,000. Elevation Wealth Partners LLC raised its stake in shares of Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 138 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of Atmos Energy during the first quarter valued at approximately $34,000. Institutional investors own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ATO. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. TD Cowen boosted their price target on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Argus decreased their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Truist Financial decreased their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Finally, Barclays lowered their price objective on shares of 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. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $187.73.

Atmos Energy Stock Up 0.2%

ATO stock opened at $167.16 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51. The firm’s fifty day moving average is $173.57 and its 200 day moving average is $178.34. The firm has a market cap of $28.25 billion, a PE ratio of 19.88, a P/E/G ratio of 2.89 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same quarter in the prior year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts forecast that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s dividend payout ratio is 47.56%.

Insider Activity at Atmos Energy

In other news, Director William James Ware bought 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by insiders.

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.