Atmos Energy Corporation $ATO Shares Sold by Reaves W H & Co. Inc.

Reaves W H & Co. Inc. trimmed its holdings in Atmos Energy Corporation (NYSE:ATO) by 84.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 16,678 shares of the utilities provider’s stock after selling 88,508 shares during the period. Reaves W H & Co. Inc.’s holdings in Atmos Energy were worth $2,796,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in Atmos Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after buying an additional 276,485 shares during the last quarter. Capital International Investors boosted its stake in Atmos Energy by 3.4% in the 3rd quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock worth $1,872,162,000 after buying an additional 359,780 shares during the last quarter. State Street Corp boosted its stake in Atmos Energy by 3.5% in the 3rd quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after buying an additional 356,942 shares during the last quarter. Geode Capital Management LLC boosted its stake in Atmos Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock worth $703,824,000 after buying an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in Atmos Energy by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock worth $638,102,000 after buying an additional 84,786 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ATO has been the topic of a number of research analyst reports. Truist Financial decreased their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Citigroup lifted their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings lowered Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. Barclays lifted their price objective on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $181.90.

Atmos Energy Stock Performance

NYSE ATO opened at $168.96 on Monday. The firm has a market capitalization of $28.20 billion, a P/E ratio of 20.76, a P/E/G ratio of 2.94 and a beta of 0.60. Atmos Energy Corporation has a 1-year low of $149.98 and a 1-year high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The business’s 50-day simple moving average is $183.33 and its 200-day simple moving average is $177.17.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.10. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period in the previous year, the company posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts predict that Atmos Energy Corporation will post 8.44 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Tuesday, May 26th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is 49.14%.

About Atmos Energy

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.