Harrison Street Private Wealth LLC Acquires Shares of 26,860 Atmos Energy Corporation $ATO

Harrison Street Private Wealth LLC purchased a new position in Atmos Energy Corporation (NYSE:ATO) in the 1st quarter, HoldingsChannel reports. The fund purchased 26,860 shares of the utilities provider’s stock, valued at approximately $4,962,000. Atmos Energy accounts for about 6.6% of Harrison Street Private Wealth LLC’s holdings, making the stock its biggest position.

A number of other hedge funds also recently bought and sold shares of ATO. Norges Bank bought a new position in shares of Atmos Energy in the fourth quarter worth approximately $331,426,000. Bank of America Corp DE grew its holdings in shares of Atmos Energy by 94.9% during the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock valued at $562,851,000 after buying an additional 1,778,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Atmos Energy by 26,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock valued at $173,279,000 after acquiring an additional 1,029,781 shares in the last quarter. Capital International Investors increased its holdings in shares of Atmos Energy by 8.5% in the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after purchasing an additional 927,986 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Atmos Energy in the 4th quarter worth about $107,729,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

Atmos Energy stock opened at $176.66 on Friday. Atmos Energy Corporation has a 52-week low of $150.51 and a 52-week high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm’s fifty day moving average is $175.91 and its 200 day moving average is $176.77. The company has a market cap of $29.49 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 3.00 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The company 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 firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Truist Financial cut their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Argus reduced their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday. TD Cowen raised their target price on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Finally, Mizuho lowered their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $183.90.

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.