Caisse de depot et placement du Quebec purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 81,083 shares of the utilities provider’s stock, valued at approximately $13,968,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Capital International Investors increased its holdings in shares of Atmos Energy by 8.5% during the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after acquiring an additional 927,986 shares during the last quarter. State Street Corp raised its stake in Atmos Energy by 1.5% in the 4th quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock valued at $1,808,117,000 after acquiring an additional 155,836 shares during the period. Geode Capital Management LLC lifted its holdings in Atmos Energy by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after purchasing an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Atmos Energy by 11.0% during the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after purchasing an additional 416,933 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Barclays reduced their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Morgan Stanley lowered their price target on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Mizuho cut their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Finally, Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $187.73.
Insider Activity at Atmos Energy
In other Atmos Energy news, Director William James Ware bought 300 shares of the stock in a transaction dated Tuesday, August 11th. The shares were bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.
Atmos Energy Stock Down 0.3%
ATO opened at $166.77 on Friday. The stock has a fifty day moving average of $173.37 and a 200-day moving average of $178.18. The company has a market capitalization of $28.18 billion, a P/E ratio of 19.83, a P/E/G ratio of 2.90 and a beta of 0.60. Atmos Energy Corporation has a fifty-two week low of $160.10 and a fifty-two week high of $192.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81.
Atmos Energy (NYSE:ATO – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping 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 business had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. During the same period last year, the firm earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts expect that Atmos Energy Corporation will post 8.46 EPS for the current year.
Atmos Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s dividend payout ratio is presently 47.56%.
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.
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