Coastal Bridge Advisors LLC Invests $1.07 Million in Atmos Energy Corporation $ATO

Coastal Bridge Advisors LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 6,210 shares of the utilities provider’s stock, valued at approximately $1,070,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new stake in shares of Atmos Energy during the 4th quarter worth about $233,000. Integrated Wealth Concepts LLC raised its holdings in Atmos Energy by 10.8% in the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after buying an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Atmos Energy by 8.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after buying an additional 1,331 shares during the period. Empowered Funds LLC lifted its position in Atmos Energy by 8.5% during the first quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after buying an additional 245 shares in the last quarter. Finally, Woodline Partners LP lifted its position in Atmos Energy by 43.9% during the first quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after buying an additional 4,088 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Stock Down 1.3%

NYSE ATO opened at $167.18 on Friday. 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 Corporation has a fifty-two week low of $160.10 and a fifty-two week high of $192.51. The business has a 50 day moving average price of $173.44 and a two-hundred day moving average price of $178.26. The stock has a market cap of $28.25 billion, a PE ratio of 19.88, a P/E/G ratio of 2.93 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data 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 net margin of 28.50% and a return on equity of 9.67%. The company had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. During the same quarter last year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts predict that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 47.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ATO shares. Morgan Stanley decreased their price objective on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. TD Cowen raised their target price 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. Truist Financial reduced their target price on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Argus cut their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Finally, Mizuho reduced their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $187.73.

Insider Transactions at Atmos Energy

In other news, Director William James Ware purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by company 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.