Friedenthal Financial Takes $976,000 Position in Atmos Energy Corporation $ATO

Friedenthal Financial purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,283 shares of the utilities provider’s stock, valued at approximately $976,000.

Several other hedge funds have also recently modified their holdings of the stock. TABR Capital Management LLC acquired a new stake in Atmos Energy in the fourth quarter valued at $1,096,000. Swiss Life Asset Management Ltd grew its stake in shares of Atmos Energy by 133.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after purchasing an additional 22,784 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Atmos Energy during the 4th quarter worth $34,582,000. Allspring Global Investments Holdings LLC grew its stake in shares of Atmos Energy by 12.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock worth $30,853,000 after purchasing an additional 20,408 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of Atmos Energy by 30.9% in the 4th quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after purchasing an additional 114,836 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Trading Up 0.8%

NYSE:ATO opened at $172.54 on Thursday. The company has a market capitalization of $28.80 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Atmos Energy Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The stock has a fifty day simple moving average of $177.37 and a 200-day simple moving average of $176.50.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 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 analyst estimates of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same period in the previous year, the firm earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts expect that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

Analyst Ratings Changes

ATO has been the subject of several recent analyst reports. Barclays raised 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. Citigroup increased their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Mizuho dropped their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Truist Financial reduced their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Finally, Morgan Stanley set a $190.00 price target on Atmos Energy in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $182.60.

About Atmos Energy

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.