Biltmore Wealth Management LLC Purchases 3,350 Shares of Atmos Energy Corporation $ATO

Biltmore Wealth Management LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,350 shares of the utilities provider’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATO. BlackRock Inc. acquired a new position in Atmos Energy during the second quarter worth $2,624,975,000. Rosenberg Matthew Hamilton grew its holdings in shares of Atmos Energy by 474.7% during the third quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock valued at $934,000 after buying an additional 4,932 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Atmos Energy during the second quarter valued at about $720,212,000. Opal Capital LLC bought a new stake in shares of Atmos Energy during the first quarter worth about $6,154,000. Finally, Entropy Technologies LP bought a new stake in shares of Atmos Energy during the first quarter worth about $2,558,000. Institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling

In other Atmos Energy news, Director William Ware acquired 300 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average price of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Truist Financial lowered their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Argus reaffirmed a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a report on Tuesday. Jefferies Financial Group reduced their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research note on Thursday, October 1st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.58.

Atmos Energy Stock Performance

Shares of Atmos Energy stock traded up $1.03 during trading hours on Friday, reaching $161.69. The company had a trading volume of 877,657 shares, compared to its average volume of 1,233,125. The firm has a market cap of $27.32 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The business has a fifty day simple moving average of $165.08 and a 200 day simple moving average of $173.87.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The company had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same quarter in the previous year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts anticipate that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.5%. Atmos Energy’s dividend payout ratio is currently 47.62%.

Atmos Energy Company Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.