26,928 Atmos Energy Corporation $ATO Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its position in Atmos Energy Corporation (NYSE:ATO) by 164.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,284 shares of the utilities provider’s stock after acquiring an additional 26,928 shares during the quarter. State of Alaska Department of Revenue’s holdings in Atmos Energy were worth $6,771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Atmos Energy in the second quarter valued at approximately $2,624,975,000. Bank of America Corp DE acquired a new position in shares of Atmos Energy in the second quarter valued at approximately $720,212,000. Deutsche Bank AG purchased a new stake in Atmos Energy during the 2nd quarter worth approximately $431,677,000. Legal & General Group Plc purchased a new stake in Atmos Energy during the 2nd quarter worth approximately $276,558,000. Finally, GQG Partners LLC purchased a new stake in Atmos Energy during the 2nd quarter worth approximately $202,443,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATO has been the subject of several recent research reports. Truist Financial decreased their price target on shares of Atmos Energy from $179.00 to $174.00 and set a “hold” rating for the company in a research report on Thursday. 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 note on Tuesday, July 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $180.00 price objective (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Morgan Stanley reduced their price objective on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Finally, Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $183.00.

Atmos Energy Stock Up 2.2%

Shares of ATO stock traded up $3.53 during trading hours on Friday, reaching $167.48. 955,892 shares of the stock were exchanged, compared to its average volume of 1,138,878. The business’s fifty day moving average is $164.05 and its two-hundred day moving average is $173.16. The firm has a market capitalization of $28.30 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.65 and a beta of 0.57. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month high of $192.51. 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 (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The company had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same quarter 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. As a group, research analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 47.62%.

Insider Buying and Selling at Atmos Energy

In other news, Director William Ware acquired 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the transaction, the director owned 488 shares in the company, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

Atmos Energy Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.