Atmos Energy Corporation $ATO Stock: Forvis Mazars Wealth Advisors LLC Raises Stake

Forvis Mazars Wealth Advisors LLC raised its position in shares of Atmos Energy Corporation (NYSE:ATO) by 217.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,268 shares of the utilities provider’s stock after purchasing an additional 31,688 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Atmos Energy were worth $7,238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Atmos Energy in the second quarter valued at approximately $2,624,975,000. Bank of America Corp DE raised its holdings in shares of Atmos Energy by 11.0% during the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after buying an additional 416,933 shares during the last quarter. Deutsche Bank AG bought a new stake in shares of Atmos Energy during the second quarter valued at approximately $431,677,000. Amundi raised its holdings in shares of Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after buying an additional 520,828 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Atmos Energy during the second quarter valued at approximately $276,558,000. Institutional investors own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In related news, Director William Ware acquired 300 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Price Performance

ATO traded up $1.09 on Tuesday, reaching $163.47. The company had a trading volume of 803,599 shares, compared to its average volume of 1,232,018. The company has a fifty day moving average of $164.63 and a 200-day moving average of $173.60. The company has a market capitalization of $27.63 billion, a P/E ratio of 19.46, a PEG ratio of 2.61 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 Corporation has a one year low of $154.72 and a one year high of $192.51.

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

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is 47.62%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays reduced their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Wells Fargo & Company initiated coverage on Atmos Energy in a research report on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Truist Financial cut their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research note on Thursday, August 13th. Jefferies Financial Group cut their target price on Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Finally, Morgan Stanley reduced their price target on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research report on Friday, September 18th. Three equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, Atmos Energy has an average rating of “Hold” and an average price target of $183.58.

Atmos Energy Company 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.