TrueMark Investments LLC Invests $6.17 Million in Atmos Energy Corporation $ATO

TrueMark Investments LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 33,378 shares of the utilities provider’s stock, valued at approximately $6,166,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in Atmos Energy during the fourth quarter valued at about $233,000. Integrated Wealth Concepts LLC boosted its holdings in shares of Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after purchasing an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after purchasing an additional 1,331 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 245 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 4,088 shares during the last quarter. 90.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ATO has been the topic of a number of research reports. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Mizuho cut their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note 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 on the stock in a research report on Monday, May 18th. Citigroup lifted their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. One investment analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $182.60.

Atmos Energy Trading Up 0.8%

NYSE ATO opened at $172.54 on Thursday. Atmos Energy Corporation has a 1-year low of $149.98 and a 1-year high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock has a 50-day moving average of $177.37 and a 200-day moving average of $176.50. The firm has a market cap 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.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (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 return on equity of 9.59% and a net margin of 27.58%.During the same period last year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts forecast that Atmos Energy Corporation will post 8.43 EPS for the current year.

Atmos Energy Announces Dividend

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

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.