Mangrove Partners IM LLC Invests $970,000 in Atmos Energy Corporation $ATO

Mangrove Partners IM LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,786 shares of the utilities provider’s stock, valued at approximately $970,000.

Several other large investors have also recently bought and sold shares of ATO. Garner Asset Management Corp purchased a new position in Atmos Energy in the fourth quarter worth $25,000. JFS Wealth Advisors LLC raised its position in Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Atmos Energy in the fourth quarter worth $26,000. Princeton Global Asset Management LLC grew its holdings in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Atmos Energy in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.0%

ATO opened at $169.55 on Wednesday. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a market cap of $28.30 billion, a P/E ratio of 20.83, a PEG ratio of 2.95 and a beta of 0.60. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51. The business’s fifty day simple moving average is $179.64 and its 200 day simple moving average is $176.59.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts anticipate that Atmos Energy Corporation will post 8.43 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ATO shares. Mizuho lowered their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Citigroup upped their target price on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, June 11th. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, TD Cowen upped their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $181.90.

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.