Hennion & Walsh Asset Management Inc. Grows Stock Position in Atmos Energy Corporation $ATO

Hennion & Walsh Asset Management Inc. grew its position in shares of Atmos Energy Corporation (NYSE:ATO) by 89.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,561 shares of the utilities provider’s stock after buying an additional 7,365 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Atmos Energy were worth $2,681,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the business. Garner Asset Management Corp acquired a new stake in Atmos Energy in the fourth quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new position in Atmos Energy during the fourth quarter worth $26,000. Elevation Wealth Partners LLC raised its holdings in shares of Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Atmos Energy in the first quarter worth $34,000. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Atmos Energy in the fourth quarter valued at $32,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

Atmos Energy stock opened at $167.54 on Tuesday. The stock has a fifty day moving average price of $173.38 and a 200 day moving average price of $178.16. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51. The firm has a market capitalization of $28.31 billion, a P/E ratio of 19.92, a PEG ratio of 2.95 and a beta of 0.60. 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 (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same period last year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be given a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is currently 47.56%.

Analysts Set New Price Targets

A number of research firms recently commented on ATO. TD Cowen increased their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Mizuho reduced their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Barclays reduced their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Weiss Ratings downgraded shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Atmos Energy presently has an average rating of “Hold” and a consensus price target of $189.09.

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.