6,304 Shares in Atmos Energy Corporation $ATO Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,304 shares of the utilities provider’s stock, valued at approximately $986,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ATO. BlackRock Inc. purchased a new position in shares of Atmos Energy during the 2nd quarter valued at $2,624,975,000. Bank of America Corp DE boosted its holdings in Atmos Energy by 11.0% in the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock worth $775,719,000 after buying an additional 416,933 shares during the period. Deutsche Bank AG bought a new position in Atmos Energy in the 2nd quarter worth $431,677,000. Amundi boosted its holdings in Atmos Energy by 40.0% in the 2nd quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock worth $314,171,000 after buying an additional 520,828 shares during the period. Finally, Legal & General Group Plc purchased a new stake in Atmos Energy in the 2nd quarter worth $276,558,000. 90.17% of the stock is currently owned by institutional investors.

Insider Activity at Atmos Energy

In related news, Director William Ware bought 300 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the acquisition, the director owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ATO. JPMorgan Chase & Co. cut Atmos Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $198.00 to $180.00 in a report on Friday, September 11th. Morgan Stanley increased their target price on Atmos Energy from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Wells Fargo & Company initiated coverage on Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 target price on the stock. Argus reissued a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday, October 6th. Finally, Weiss Ratings cut shares of Atmos Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $183.27.

Atmos Energy Price Performance

Shares of Atmos Energy stock opened at $172.53 on Friday. The stock has a 50 day moving average of $164.16 and a 200 day moving average of $174.11. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The firm has a market cap of $29.16 billion, a PE ratio of 20.54, a PEG ratio of 2.74 and a beta of 0.57. 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 posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 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 period in the prior year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 47.62%.

Atmos Energy Company 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.