Miller Howard Investments Inc. NY Sells 6,061 Shares of Atmos Energy Corporation $ATO

Miller Howard Investments Inc. NY trimmed its position in shares of Atmos Energy Corporation (NYSE:ATO) by 11.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,216 shares of the utilities provider’s stock after selling 6,061 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Atmos Energy were worth $7,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Atmos Energy during the 2nd quarter valued at about $2,624,975,000. Bank of America Corp DE increased its position in shares of Atmos Energy by 11.0% during the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after purchasing an additional 416,933 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Atmos Energy during the 2nd quarter valued at about $431,677,000. Amundi lifted 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 purchasing an additional 520,828 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Atmos Energy in the 2nd quarter worth approximately $276,558,000. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $171.32 on Tuesday. 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 Corporation has a 1-year low of $154.72 and a 1-year high of $192.51. The company has a market capitalization of $28.95 billion, a P/E ratio of 20.40, a P/E/G ratio of 2.74 and a beta of 0.57. The firm’s 50 day simple moving average is $164.12 and its two-hundred day simple moving average is $174.02.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share 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 business had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same period in the prior year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio is 47.62%.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director William Ware bought 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Barclays reduced their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Wells Fargo & Company initiated coverage on shares of Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 price target on the stock. JPMorgan Chase & Co. reissued 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. Finally, Argus restated a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday, October 6th. Three analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $183.27.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.