Tidal Investments LLC Buys 26,454 Shares of Atmos Energy Corporation $ATO

Tidal Investments LLC increased its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 163.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,632 shares of the utilities provider’s stock after purchasing an additional 26,454 shares during the period. Tidal Investments LLC’s holdings in Atmos Energy were worth $7,344,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in Atmos Energy by 6,920.2% during the second quarter. California State Teachers Retirement System now owns 33,258,618 shares of the utilities provider’s stock worth $5,729,462,000 after buying an additional 32,784,865 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Atmos Energy during the 2nd quarter worth about $2,624,975,000. Bank of America Corp DE bought a new stake in shares of Atmos Energy in the 2nd quarter valued at about $720,212,000. Deutsche Bank AG bought a new stake in shares of Atmos Energy in the 2nd quarter valued at about $431,677,000. Finally, Norges Bank acquired a new stake in shares of Atmos Energy in the 4th quarter valued at approximately $331,426,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ATO. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Barclays lowered their target price 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. Argus cut their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research report on Friday. Finally, Mizuho decreased their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and a consensus price target of $186.09.

Atmos Energy Trading Down 0.9%

NYSE:ATO opened at $163.27 on Friday. 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 50-day simple moving average is $172.03 and its 200-day simple moving average is $177.43. Atmos Energy Corporation has a fifty-two week low of $160.10 and a fifty-two week high of $192.51. The stock has a market capitalization of $27.59 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.83 and a beta of 0.60.

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, topping analysts’ consensus estimates of $1.35 by $0.08. The business 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 period in the prior year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts expect that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

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

Insider Activity

In related news, Director William Ware acquired 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. Through its utility operations, the company delivers natural gas to residential, commercial, industrial and agricultural customers, with services focused on safe and reliable energy delivery.

Atmos Energy serves customers across eight states: Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, Texas and Virginia. Its operations include local natural gas distribution as well as pipeline transportation and storage activities, primarily through its Atmos Pipeline-Texas business.

The company traces its roots to 1906 and has expanded over time through growth and acquisitions in the natural gas industry.