Hsbc Holdings PLC Lowers Stake in Atmos Energy Corporation $ATO

Hsbc Holdings PLC cut its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 4.5% during the first quarter, Holdings Channel.com reports. The fund owned 780,184 shares of the utilities provider’s stock after selling 36,402 shares during the period. Hsbc Holdings PLC’s holdings in Atmos Energy were worth $144,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Compound Planning Inc. boosted 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 purchasing an additional 58 shares in the last quarter. Checchi Capital Advisers LLC increased its position in shares of Atmos Energy by 3.9% in the fourth 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 in the last quarter. MGO One Seven LLC raised its stake in shares of Atmos Energy by 4.3% during the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock worth $254,000 after buying an additional 62 shares during the period. Root Financial Partners LLC raised 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 worth $43,000 after buying an additional 66 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Atmos Energy by 1.2% during the 4th quarter. Horizon Investments LLC now owns 5,439 shares of the utilities provider’s stock worth $912,000 after buying an additional 67 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Performance

NYSE:ATO opened at $177.57 on Friday. The company has a market cap of $29.64 billion, a P/E ratio of 21.81, a P/E/G ratio of 3.08 and a beta of 0.60. Atmos Energy Corporation has a twelve month low of $154.23 and a twelve month high of $192.51. The company’s 50-day moving average price is $174.02 and its 200-day moving average price is $177.35. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65.

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

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued 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 was Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Barclays decreased their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday. Mizuho dropped 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. Finally, Weiss Ratings cut shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Atmos Energy currently has a consensus rating of “Hold” and a consensus price target 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.