Sageworth Trust Co Takes Position in Atmos Energy Corporation $ATO

Sageworth Trust Co purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,978 shares of the utilities provider’s stock, valued at approximately $550,000.

A number of other institutional investors have also added to or reduced their stakes in ATO. Swedbank AB grew its stake in shares of Atmos Energy by 3.0% during the first quarter. Swedbank AB now owns 42,155 shares of the utilities provider’s stock worth $7,787,000 after buying an additional 1,217 shares during the last quarter. Kiley Juergens Wealth Management LLC acquired a new stake in shares of Atmos Energy during the 1st quarter valued at $315,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Atmos Energy by 11.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 2,631 shares of the utilities provider’s stock valued at $494,000 after acquiring an additional 260 shares in the last quarter. Ascentis Independent Advisors grew its position in Atmos Energy by 32.5% during the 1st quarter. Ascentis Independent Advisors now owns 6,296 shares of the utilities provider’s stock worth $1,163,000 after acquiring an additional 1,544 shares during the last quarter. Finally, Argus Investors Counsel Inc. bought a new stake in Atmos Energy during the 1st quarter worth $510,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Down 0.3%

Shares of NYSE ATO opened at $177.07 on Thursday. The company’s 50 day moving average price is $175.18 and its 200-day moving average price is $176.96. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. Atmos Energy Corporation has a 52-week low of $151.28 and a 52-week high of $192.51. The company has a market capitalization of $29.56 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The company had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts forecast that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.

Analysts Set New Price Targets

Several equities analysts have commented on ATO shares. Morgan Stanley set a $190.00 target price on Atmos Energy in a research report on Wednesday, June 24th. Citigroup boosted their price target on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Mizuho lowered their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Truist Financial dropped their price objective on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $183.90.

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.