Wellington Management Group LLP Cuts Stock Position in Atmos Energy Corporation $ATO

Wellington Management Group LLP lessened its holdings in Atmos Energy Corporation (NYSE:ATO) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,185,788 shares of the utilities provider’s stock after selling 465,684 shares during the quarter. Wellington Management Group LLP owned 5.44% of Atmos Energy worth $1,582,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Garner Asset Management Corp purchased a new position in Atmos Energy in the fourth quarter valued at about $25,000. Frazier Financial Advisors LLC purchased a new position in Atmos Energy in the second quarter valued at approximately $25,000. Kingdom Financial Group LLC. bought a new position in Atmos Energy during the fourth quarter valued at $26,000. Elevation Wealth Partners LLC increased its position in Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after buying an additional 138 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Atmos Energy in the second quarter valued at $28,000. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atmos Energy

In related news, Director William James Ware purchased 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were purchased 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 in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by corporate insiders.

Atmos Energy Trading Down 0.3%

NYSE:ATO opened at $166.77 on Friday. The company has a market cap 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. The stock’s fifty day moving average price is $173.37 and its two-hundred day moving average price is $178.18. Atmos Energy Corporation has a 1 year low of $160.10 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73.

Atmos Energy (NYSE:ATO) last announced its quarterly 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. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The company had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same period in the previous year, the business earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, analysts expect that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th. Atmos Energy’s payout ratio is presently 47.56%.

Analyst Ratings Changes

A number of research analysts have recently commented on ATO shares. Truist Financial dropped their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Argus decreased their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. TD Cowen boosted their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Morgan Stanley dropped their price objective 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. Finally, Weiss Ratings lowered shares of 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 issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $187.73.

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.