4,919 Atmos Energy Corporation $ATO Shares Bought by Strategy Asset Managers LLC

Strategy Asset Managers LLC grew its position in shares of Atmos Energy Corporation (NYSE:ATO) by 206.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,304 shares of the utilities provider’s stock after buying an additional 4,919 shares during the period. Strategy Asset Managers LLC’s holdings in Atmos Energy were worth $1,143,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. SC&H Financial Advisors Inc. raised its position in shares of Atmos Energy by 61.5% during the 3rd quarter. SC&H Financial Advisors Inc. now owns 2,350 shares of the utilities provider’s stock valued at $368,000 after acquiring an additional 895 shares in the last quarter. Columbus Macro LLC bought a new position in Atmos Energy during the third quarter worth $169,000. Cultivar Capital Inc. bought a new position in Atmos Energy during the third quarter worth $192,000. Triumph Capital Management lifted its stake in Atmos Energy by 5,440.0% during the third quarter. Triumph Capital Management now owns 277 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 272 shares during the last quarter. Finally, Baker Ellis Asset Management LLC acquired a new position in Atmos Energy in the third quarter worth $346,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

ATO has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on shares of Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 target price for the company. Jefferies Financial Group dropped their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday, October 1st. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Truist Financial reduced their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Finally, Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Atmos Energy has an average rating of “Hold” and an average price target of $183.58.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $163.89 on Thursday. Atmos Energy Corporation has a 1-year low of $154.72 and a 1-year high of $192.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The business’s fifty day moving average price is $164.27 and its two-hundred day moving average price is $173.34. The firm has a market capitalization of $27.70 billion, a PE ratio of 19.51, a P/E/G ratio of 2.64 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The company had revenue of $879.06 million for the quarter, compared to analysts’ expectations of $900.82 million. During the same period last year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is currently 47.62%.

Insiders Place Their Bets

In other news, Director William Ware acquired 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the transaction, the director directly owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.43% of the stock is currently owned by corporate insiders.

Atmos Energy Company Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.