NEOS Investment Management LLC Buys 3,758 Shares of Atmos Energy Corporation $ATO

NEOS Investment Management LLC lifted its stake in Atmos Energy Corporation (NYSE:ATO) by 16.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,510 shares of the utilities provider’s stock after purchasing an additional 3,758 shares during the quarter. NEOS Investment Management LLC’s holdings in Atmos Energy were worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Atmos Energy during the 2nd quarter valued at about $2,624,975,000. Capital International Investors lifted its stake in shares of Atmos Energy by 8.5% in the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after buying an additional 927,986 shares in the last quarter. State Street Corp lifted its stake in shares of Atmos Energy by 1.5% in the fourth quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock worth $1,808,117,000 after buying an additional 155,836 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Atmos Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after buying an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE grew 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. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

NYSE ATO opened at $167.38 on Monday. The business’s fifty day moving average price is $172.89 and its 200-day moving average price is $177.89. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.90 and a beta of 0.60. 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 Corporation has a 1-year low of $160.10 and a 1-year high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million during the quarter, compared to analyst estimates 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 in the previous year, the company posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid 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 payout ratio is currently 47.56%.

Insider Activity

In other Atmos Energy news, Director William Ware acquired 300 shares of the stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.43% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley reduced their price target on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Barclays cut their target price on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. TD Cowen lifted their target price on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Finally, Argus lowered their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $187.73.

Atmos Energy 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.