Parcion Private Wealth LLC Buys New Holdings in Atmos Energy Corporation $ATO

Parcion Private Wealth LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,304 shares of the utilities provider’s stock, valued at approximately $986,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compound Planning Inc. increased its holdings in shares of Atmos Energy by 3.7% in the 1st quarter. Compound Planning Inc. now owns 1,716 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 62 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings in shares of Atmos Energy by 2.3% during the third quarter. Great Lakes Retirement Inc. now owns 2,822 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 64 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of Atmos Energy by 0.8% during the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after purchasing an additional 65 shares in the last quarter. Root Financial Partners LLC boosted its position in shares of Atmos Energy by 39.1% during the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after buying an additional 66 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Atmos Energy by 6.3% during the second quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock valued at $193,000 after buying an additional 66 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATO. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Argus reiterated a “buy” rating and issued a $185.00 price target on shares of Atmos Energy in a research note on Tuesday, October 6th. JPMorgan Chase & Co. cut shares of Atmos Energy from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $198.00 to $180.00 in a report on Friday, September 11th. Barclays lowered their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Finally, Morgan Stanley raised their target price on shares of Atmos Energy from $179.00 to $182.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 21st. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.27.

Insider Activity at Atmos Energy

In related news, Director William Ware acquired 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by company insiders.

Atmos Energy Stock Up 0.9%

Atmos Energy stock opened at $172.53 on Friday. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51. The stock has a fifty day moving average of $164.16 and a 200 day moving average of $174.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market cap of $29.16 billion, a PE ratio of 20.54, a price-to-earnings-growth ratio of 2.74 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last released its quarterly 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 business had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same period in the previous year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders 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 dividend on an annualized basis and a yield of 2.3%. Atmos Energy’s dividend payout ratio is presently 47.62%.

Atmos Energy Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.