Atmos Energy Corporation $ATO Position Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Atmos Energy Corporation (NYSE:ATO) by 164.6% in the third quarter, HoldingsChannel.com reports. The firm owned 43,284 shares of the utilities provider’s stock after buying an additional 26,928 shares during the quarter. State of Alaska Department of Revenue’s holdings in Atmos Energy were worth $6,771,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ATO. Frazier Financial Advisors LLC purchased a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $25,000. Continuum Advisory LLC purchased a new position in shares of Atmos Energy in the 2nd quarter valued at $25,000. Elevation Wealth Partners LLC grew its position in shares of Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after buying an additional 138 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Atmos Energy during the 2nd quarter worth $28,000. Finally, Downshift Financial LLC raised its stake in Atmos Energy by 2,514.3% during the 3rd quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Atmos Energy

In related news, Director William Ware bought 300 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director owned 488 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

Atmos Energy Stock Performance

ATO stock traded up $3.53 on Friday, hitting $167.48. The company’s stock had a trading volume of 955,892 shares, compared to its average volume of 1,138,878. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. The firm has a 50 day moving average of $164.05 and a two-hundred day moving average of $173.16. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. Atmos Energy Corporation has a 1 year low of $154.72 and a 1 year high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period last year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ATO shares. Barclays decreased their price objective 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Truist Financial reduced their target price on Atmos Energy from $179.00 to $174.00 and set a “hold” rating for the company in a report on Thursday. Argus reissued a “buy” rating and issued a $185.00 target price on shares of Atmos Energy in a research report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $183.00.

About Atmos Energy

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.