15,838 Shares in Atmos Energy Corporation $ATO Acquired by Decker Wealth Management LLC

Decker Wealth Management LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, HoldingsChannel reports. The firm acquired 15,838 shares of the utilities provider’s stock, valued at approximately $2,478,000.

A number of other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of Atmos Energy during the 2nd quarter valued at $2,624,975,000. Bank of America Corp DE raised its position in Atmos Energy by 11.0% during the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after acquiring an additional 416,933 shares in the last quarter. Deutsche Bank AG lifted its stake in Atmos Energy by 1.7% in the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock valued at $484,009,000 after acquiring an additional 47,860 shares during the last quarter. Amundi lifted its stake in Atmos Energy by 40.0% in the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after acquiring an additional 520,828 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Atmos Energy in the second quarter worth approximately $276,558,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ATO. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Morgan Stanley decreased their target price on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Wells Fargo & Company started coverage on Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Truist Financial cut their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $183.58.

Atmos Energy Stock Up 0.6%

Shares of ATO stock traded up $1.03 on Friday, hitting $161.69. 877,657 shares of the stock were exchanged, compared to its average volume of 1,233,125. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $27.32 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The business has a 50-day moving average of $165.08 and a 200 day moving average of $173.87.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company 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 last year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts anticipate that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Monday, August 24th. Atmos Energy’s payout ratio is currently 47.62%.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director William Ware acquired 300 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.43% of the company’s stock.

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.