OP Asset Management Ltd Purchases New Shares in Atmos Energy Corporation $ATO

OP Asset Management Ltd purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,230 shares of the utilities provider’s stock, valued at approximately $2,998,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in shares of Atmos Energy during the fourth quarter valued at about $25,000. JFS Wealth Advisors LLC lifted its stake in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in Atmos Energy in the fourth quarter valued at about $26,000. Princeton Global Asset Management LLC boosted its holdings in Atmos Energy by 270.2% in the fourth 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 acquired a new stake in Atmos Energy during the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup lifted their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen raised their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Mizuho dropped their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Morgan Stanley set a $190.00 price target on shares of Atmos Energy in a report on Wednesday. Finally, Barclays increased their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $182.60.

Atmos Energy Stock Up 0.6%

NYSE:ATO opened at $174.68 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $176.85 and a 200-day moving average of $176.50. 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 Corporation has a 52 week low of $149.98 and a 52 week high of $192.51.

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

Atmos Energy Announces Dividend

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

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.