Korea Investment CORP Sells 4,825 Shares of Atmos Energy Corporation $ATO

Korea Investment CORP reduced its position in shares of Atmos Energy Corporation (NYSE:ATO) by 2.7% in the third quarter, HoldingsChannel.com reports. The firm owned 177,179 shares of the utilities provider’s stock after selling 4,825 shares during the period. Korea Investment CORP’s holdings in Atmos Energy were worth $30,253,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. W.H. Cornerstone Investments Inc. increased its stake in shares of Atmos Energy by 16.7% during the second quarter. W.H. Cornerstone Investments Inc. now owns 7,625 shares of the utilities provider’s stock valued at $1,175,000 after buying an additional 1,093 shares during the period. SG Americas Securities LLC lifted its stake in Atmos Energy by 206.8% in the third quarter. SG Americas Securities LLC now owns 26,925 shares of the utilities provider’s stock worth $4,597,000 after acquiring an additional 18,148 shares during the period. Allstate Corp purchased a new stake in Atmos Energy in the third quarter worth $961,000. Oregon Public Employees Retirement Fund boosted its holdings in Atmos Energy by 33.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 18,332 shares of the utilities provider’s stock valued at $3,130,000 after acquiring an additional 4,636 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its position in Atmos Energy by 267.0% during the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,822 shares of the utilities provider’s stock valued at $435,000 after purchasing an additional 2,053 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

ATO has been the subject of several research reports. Citigroup upped their price objective on shares of Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. Mizuho boosted their price target on shares of Atmos Energy from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Morgan Stanley set a $192.00 price target on shares of Atmos Energy in a research note on Friday, February 20th. UBS Group raised their price objective on shares of Atmos Energy from $159.00 to $174.00 and gave the stock a “neutral” rating in a report on Wednesday, December 17th. Finally, Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $175.67.

Atmos Energy Stock Performance

Shares of Atmos Energy stock opened at $185.14 on Tuesday. Atmos Energy Corporation has a 12 month low of $141.59 and a 12 month high of $187.98. The firm has a market capitalization of $30.63 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.20 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The business has a fifty day simple moving average of $173.70 and a two-hundred day simple moving average of $171.82.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.21 billion. Atmos Energy had a net margin of 25.67% and a return on equity of 9.20%. During the same period in the prior year, the firm earned $2.23 EPS. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. On average, equities analysts forecast that Atmos Energy Corporation will post 7.18 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, March 9th. Stockholders of record on Monday, February 23rd were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, February 23rd. Atmos Energy’s dividend payout ratio is currently 51.95%.

About Atmos Energy

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.