Atmos Energy Corporation $ATO Position Raised by Magellan Asset Management Ltd

Magellan Asset Management Ltd grew its position in shares of Atmos Energy Corporation (NYSE:ATO) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 138,554 shares of the utilities provider’s stock after purchasing an additional 7,991 shares during the quarter. Magellan Asset Management Ltd’s holdings in Atmos Energy were worth $23,226,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ATO. Garner Asset Management Corp bought a new stake in Atmos Energy in the 4th quarter valued at about $25,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the 4th quarter valued at about $26,000. Princeton Global Asset Management LLC lifted its position in Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in Atmos Energy in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Wednesday. TD Cowen lifted their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Truist Financial cut their price objective on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Morgan Stanley set a $183.00 price objective on shares of Atmos Energy in a research report on Thursday, May 21st. Finally, Mizuho cut their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Atmos Energy has an average rating of “Hold” and a consensus target price of $181.90.

Atmos Energy Trading Down 0.2%

Shares of Atmos Energy stock opened at $167.96 on Friday. The business has a fifty day simple moving average of $182.22 and a 200-day simple moving average of $176.91. Atmos Energy Corporation has a fifty-two week low of $149.98 and a fifty-two week high of $192.51. The firm has a market cap of $28.04 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 2.92 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.10. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter in the prior year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts forecast that Atmos Energy Corporation will post 8.43 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy’s dividend payout ratio is currently 49.14%.

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.