Atmos Energy Corporation $ATO Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lifted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 10.9% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,175,415 shares of the utilities provider’s stock after buying an additional 115,574 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Atmos Energy were worth $217,124,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Garner Asset Management Corp acquired a new position in Atmos Energy in the 4th quarter valued at $25,000. JFS Wealth Advisors LLC increased its stake in Atmos Energy by 85.9% in the fourth 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. acquired a new position in Atmos Energy in the fourth quarter valued at $26,000. Princeton Global Asset Management LLC lifted its position in Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC purchased a new stake in Atmos Energy in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Up 0.6%

NYSE:ATO opened at $174.68 on Friday. The business’s 50-day moving average is $176.85 and its two-hundred day moving average is $176.50. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The firm has a market capitalization of $29.16 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.04 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates 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 last year, the firm earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 19th. Barclays lifted their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Morgan Stanley set a $190.00 target price on Atmos Energy in a research report on Wednesday. Finally, Truist Financial reduced their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a report on Monday, May 18th. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $182.60.

Atmos Energy Profile

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.