Atmos Energy Corporation $ATO Shares Newly Acquired by Chapin Davis Inc.

Chapin Davis Inc. bought a new stake in Atmos Energy Corporation (NYSE:ATO) during the third quarter, HoldingsChannel reports. The fund bought 29,012 shares of the utilities provider’s stock, valued at approximately $4,539,000. Atmos Energy makes up about 0.9% of Chapin Davis Inc.’s investment portfolio, making the stock its 26th largest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of ATO. Frazier Financial Advisors LLC acquired a new stake in Atmos Energy during the 2nd quarter valued at approximately $25,000. Continuum Advisory LLC acquired a new position in Atmos Energy during the second quarter valued at $25,000. Pin Oak Investment Advisors Inc. purchased a new stake in Atmos Energy in the second quarter valued at $28,000. Elevation Wealth Partners LLC grew 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 worth $28,000 after purchasing an additional 138 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of Atmos Energy during the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial decreased their price objective on Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a report on Thursday, August 13th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Morgan Stanley decreased their target price on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Barclays cut their price objective 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. Finally, Argus reiterated a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Atmos Energy has an average rating of “Hold” and an average target price of $183.58.

Atmos Energy Price Performance

NYSE:ATO opened at $160.68 on Friday. The stock has a 50 day moving average of $165.08 and a two-hundred day moving average of $173.87. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The firm has a market cap of $27.15 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same quarter last year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts expect that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. Atmos Energy’s dividend payout ratio is presently 47.62%.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director William Ware bought 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.43% of the stock is owned by company insiders.

Atmos Energy Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.