Kinloch Capital LLC Purchases New Position in Atmos Energy Corporation $ATO

Kinloch Capital LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO) in the second quarter, Holdings Channel.com reports. The firm acquired 24,779 shares of the utilities provider’s stock, valued at approximately $4,269,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Garner Asset Management Corp bought a new position in shares of Atmos Energy in the fourth quarter worth $25,000. Frazier Financial Advisors LLC purchased a new position in Atmos Energy during the 2nd quarter valued at about $25,000. Kingdom Financial Group LLC. bought a new stake in shares of Atmos Energy during the fourth quarter valued at about $26,000. Elevation Wealth Partners LLC boosted its position 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 Atmos Energy during the first quarter valued at approximately $34,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

ATO stock opened at $167.85 on Tuesday. The firm has a market cap of $28.36 billion, a P/E ratio of 19.96, a P/E/G ratio of 2.89 and a beta of 0.60. The firm’s fifty day moving average is $173.54 and its 200 day moving average is $178.34. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51. 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 (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. 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 firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Dividend Announcement

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

Insider Buying and Selling at Atmos Energy

In related news, Director William James Ware bought 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

ATO has been the topic of several research analyst reports. TD Cowen upped their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Morgan Stanley lowered their target price on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. raised 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. Citigroup increased their target price on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Truist Financial dropped 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. Four investment 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 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.