Jennison Associates LLC Sells 6,958 Shares of Atmos Energy Corporation $ATO

Jennison Associates LLC lowered its position in shares of Atmos Energy Corporation (NYSE:ATO) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 346,090 shares of the utilities provider’s stock after selling 6,958 shares during the period. Jennison Associates LLC’s holdings in Atmos Energy were worth $63,930,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Garner Asset Management Corp purchased a new position in shares of Atmos Energy in the fourth quarter valued at about $25,000. Kingdom Financial Group LLC. purchased a new stake in shares of Atmos Energy during the fourth quarter worth about $26,000. JFS Wealth Advisors LLC boosted its holdings in shares of Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 73 shares during the period. Princeton Global Asset Management LLC grew its stake in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in shares of Atmos Energy in the fourth quarter worth about $32,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $177.57 on Monday. Atmos Energy Corporation has a 1 year low of $154.23 and a 1 year high of $192.51. The stock has a market capitalization of $29.64 billion, a P/E ratio of 21.81, a P/E/G ratio of 3.08 and a beta of 0.60. The company’s 50-day moving average is $174.02 and its 200 day moving average is $177.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last issued 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 during 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 last year, the business posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts expect that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a dividend of $1.00 per share. 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 payout ratio is currently 49.14%.

Wall Street Analyst Weigh In

ATO has been the subject of a number of recent analyst reports. Truist Financial upped their price target on Atmos Energy from $187.00 to $188.00 and gave the company a “hold” rating in a research report on Friday. TD Cowen lifted their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. boosted their target price on Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Barclays decreased their target price on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Finally, Citigroup raised their price target on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.42.

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.