Summit Global Investments Trims Position in Atmos Energy Corporation $ATO

Summit Global Investments decreased its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 57.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,061 shares of the utilities provider’s stock after selling 13,818 shares during the quarter. Summit Global Investments’ holdings in Atmos Energy were worth $1,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compound Planning Inc. lifted its position in Atmos Energy by 3.6% during the fourth quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock worth $277,000 after buying an additional 58 shares during the period. Checchi Capital Advisers LLC grew its holdings in Atmos Energy by 3.9% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after buying an additional 60 shares during the period. MGO One Seven LLC grew its holdings in Atmos Energy by 4.3% in the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after buying an additional 62 shares during the period. Wealthfront Advisers LLC increased its stake in shares of Atmos Energy by 0.8% during the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after acquiring an additional 65 shares during the last quarter. Finally, Root Financial Partners LLC increased its stake in shares of Atmos Energy by 39.1% during the 1st quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.2%

ATO opened at $177.38 on Tuesday. The firm has a 50 day moving average price of $173.93 and a 200 day moving average price of $177.47. The company has a market cap of $29.61 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. Atmos Energy Corporation has a 1 year low of $154.23 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts expect that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is presently 49.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ATO shares. Mizuho decreased their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Barclays dropped their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Citigroup lifted their price target 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. Argus lowered their price objective on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Morgan Stanley set a $190.00 price objective on Atmos Energy in a report on Wednesday, June 24th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.