Atmos Energy Corporation $ATO Holdings Lifted by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC boosted its position in Atmos Energy Corporation (NYSE:ATO) by 3,576.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 46,401 shares of the utilities provider’s stock after purchasing an additional 45,139 shares during the period. Atmos Energy comprises 0.9% of Summit Financial Wealth Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Summit Financial Wealth Advisors LLC’s holdings in Atmos Energy were worth $7,259,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Atmos Energy during the 2nd quarter worth approximately $2,624,975,000. Bank of America Corp DE boosted its stake in shares of Atmos Energy by 11.0% in the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock worth $775,719,000 after buying an additional 416,933 shares during the last quarter. Deutsche Bank AG purchased a new position in shares of Atmos Energy in the 2nd quarter worth approximately $431,677,000. Amundi boosted its stake in shares of Atmos Energy by 40.0% in the 2nd quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock worth $314,171,000 after buying an additional 520,828 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Atmos Energy in the second quarter valued at approximately $276,558,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Performance

ATO stock traded up $0.33 during mid-day trading on Thursday, hitting $164.27. The company had a trading volume of 244,630 shares, compared to its average volume of 1,225,112. The firm has a market cap of $27.76 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 2.64 and a beta of 0.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The stock’s fifty day moving average price is $164.27 and its two-hundred day moving average price is $173.34.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating 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 firm had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same period in the prior year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATO shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Argus reissued a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday, October 6th. Jefferies Financial Group reduced their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research note on Thursday, October 1st. Finally, Wells Fargo & Company assumed coverage on Atmos Energy in a research report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average target price of $183.17.

Insiders Place Their Bets

In other news, Director William Ware acquired 300 shares of Atmos Energy stock in a transaction on 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 completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.