UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 34,696 Shares of Atmos Energy Corporation $ATO

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 3.3% during the second quarter, Holdings Channel reports. The firm owned 1,098,374 shares of the utilities provider’s stock after acquiring an additional 34,696 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Atmos Energy were worth $189,217,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garner Asset Management Corp bought a new stake in shares of Atmos Energy in the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new position in shares of Atmos Energy in the 2nd quarter valued at approximately $25,000. Kingdom Financial Group LLC. bought a new stake in shares of Atmos Energy during the 4th quarter valued at $26,000. Elevation Wealth Partners LLC boosted its stake in Atmos Energy by 627.3% during the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 138 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $28,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.2%

Shares of NYSE ATO opened at $166.36 on Tuesday. The stock has a market capitalization of $28.11 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.89 and a beta of 0.60. Atmos Energy Corporation has a 12-month low of $160.10 and a 12-month high of $192.51. The firm’s 50-day moving average price is $173.31 and its 200-day moving average price is $178.17. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm 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 previous year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts anticipate that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders 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 payout ratio is 47.56%.

Insider Transactions at Atmos Energy

In other Atmos Energy news, Director William James Ware acquired 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, with a total value of $50,277.00. Following the transaction, 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 position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on ATO shares. JPMorgan Chase & Co. increased their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Truist Financial lowered their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Argus dropped their price target on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Wells Fargo & Company initiated coverage on Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 price objective for the company. Finally, Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $187.73.

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.