Atmos Energy Corporation $ATO Stock Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC boosted its stake in Atmos Energy Corporation (NYSE:ATO) by 15.4% in the 3rd quarter, Holdings Channel reports. The firm owned 70,830 shares of the utilities provider’s stock after acquiring an additional 9,450 shares during the quarter. Diversify Advisory Services LLC’s holdings in Atmos Energy were worth $11,613,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Compound Planning Inc. increased its position in shares of Atmos Energy by 3.7% during the first quarter. Compound Planning Inc. now owns 1,716 shares of the utilities provider’s stock valued at $317,000 after buying an additional 62 shares during the period. Wealthfront Advisers LLC lifted its holdings in shares of Atmos Energy by 0.8% in the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after buying an additional 65 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after buying an additional 66 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Atmos Energy by 6.3% in the second quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock valued at $193,000 after acquiring an additional 66 shares during the period. Finally, Amarillo National Bank boosted its position in shares of Atmos Energy by 0.3% in the first quarter. Amarillo National Bank now owns 28,641 shares of the utilities provider’s stock valued at $5,291,000 after acquiring an additional 74 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ATO shares. Argus reaffirmed a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Wells Fargo & Company started coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $180.00 price target (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $183.00.

Insiders Place Their Bets

In related news, Director William Ware bought 300 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $167.14 on Wednesday. The stock’s 50-day simple moving average is $163.96 and its two-hundred day simple moving average is $172.81. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. The firm has a market capitalization of $28.24 billion, a P/E ratio of 19.61, a P/E/G ratio of 2.66 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 0.81 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, beating analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The firm had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same quarter last year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts anticipate that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 47.62%.

Atmos Energy Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.