Picton Mahoney Asset Management Invests $850,000 in Atmos Energy Corporation $ATO

Picton Mahoney Asset Management purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,978 shares of the utilities provider’s stock, valued at approximately $850,000.

Several other large investors have also recently added to or reduced their stakes in ATO. Geode Capital Management LLC grew its holdings in Atmos Energy by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,073,886 shares of the utilities provider’s stock worth $625,180,000 after acquiring an additional 63,166 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Atmos Energy by 94.9% in the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after acquiring an additional 1,778,653 shares during the last quarter. Invesco Ltd. lifted its position in shares of Atmos Energy by 3.1% during the second quarter. Invesco Ltd. now owns 3,082,338 shares of the utilities provider’s stock worth $475,019,000 after purchasing an additional 91,254 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Atmos Energy by 2.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,949,497 shares of the utilities provider’s stock worth $332,877,000 after purchasing an additional 50,214 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Atmos Energy during the second quarter valued at approximately $282,487,000. 90.17% of the stock is owned by institutional investors.

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $185.34 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.02 and a current ratio of 1.13. The stock has a 50 day moving average price of $173.37 and a 200 day moving average price of $171.61. The stock has a market capitalization of $30.66 billion, a PE ratio of 24.07, a price-to-earnings-growth ratio of 3.20 and a beta of 0.74. Atmos Energy Corporation has a 52 week low of $141.59 and a 52 week high of $187.98.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.03. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.21 billion. Atmos Energy had a net margin of 25.67% and a return on equity of 9.20%. During the same period in the previous year, the business earned $2.23 EPS. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. Analysts predict that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, February 23rd will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, February 23rd. Atmos Energy’s dividend payout ratio is presently 51.95%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research raised Atmos Energy to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Saturday. Citigroup lifted their target price on shares of Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Finally, Barclays increased their price target on Atmos Energy from $165.00 to $167.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $175.67.

Atmos Energy Company 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.