Plato Investment Management Ltd Takes $603,000 Position in Atmos Energy Corporation $ATO

Plato Investment Management Ltd purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,520 shares of the utilities provider’s stock, valued at approximately $603,000.

Several other institutional investors also recently modified their holdings of the business. Garner Asset Management Corp bought a new position in shares of Atmos Energy during the fourth quarter worth about $25,000. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the fourth quarter valued at approximately $26,000. Elevation Wealth Partners LLC increased its position in Atmos Energy by 627.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the period. Elevated Capital Advisors LLC bought a new position in Atmos Energy during the 4th quarter worth approximately $32,000. Finally, Western Wealth Management LLC bought a new position in Atmos Energy during the 1st quarter worth approximately $34,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Morgan Stanley set a $196.00 price target on Atmos Energy in a report on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $188.27.

Atmos Energy Trading Up 0.4%

NYSE ATO opened at $170.60 on Wednesday. The company has a market cap of $28.83 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.94 and a beta of 0.60. Atmos Energy Corporation has a 52 week low of $160.10 and a 52 week high of $192.51. The business has a 50 day moving average price of $173.54 and a 200-day moving average price of $178.28. 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 earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $879.06 million for the quarter, compared to analysts’ expectations of $900.82 million. During the same period last year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts expect that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is 47.56%.

Insider Activity

In other Atmos Energy news, Director William James Ware bought 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Company 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.