Korea Investment CORP Acquires Shares of 157,716 Atmos Energy Corporation $ATO

Korea Investment CORP purchased a new stake in Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 157,716 shares of the utilities provider’s stock, valued at approximately $27,170,000. Korea Investment CORP owned approximately 0.09% of Atmos Energy as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in shares of Atmos Energy in the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in Atmos Energy during the 2nd quarter valued at $25,000. Kingdom Financial Group LLC. bought a new position in Atmos Energy in the 4th quarter valued at $26,000. Elevation Wealth Partners LLC raised its position in Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in Atmos Energy in the first quarter worth $34,000. 90.17% of the stock is owned by institutional investors.

Insider Activity at Atmos Energy

In related news, Director William James Ware purchased 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

Atmos Energy Stock Performance

ATO stock opened at $167.16 on Friday. Atmos Energy Corporation has a twelve month low of $160.10 and a twelve month high of $192.51. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The company has a market cap of $28.25 billion, a P/E ratio of 19.88, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60. The business’s fifty day moving average is $173.57 and its 200-day moving average is $178.26.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same period in the previous year, the firm earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts forecast 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. Stockholders of record on Monday, August 24th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s payout ratio is presently 47.56%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ATO. Barclays reduced their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Argus dropped their target price 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. Morgan Stanley reduced their target price on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.