TrueMark Investments LLC Purchases New Position in Atmos Energy Corporation $ATO

TrueMark Investments LLC acquired a new position in Atmos Energy Corporation (NYSE:ATO) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,378 shares of the utilities provider’s stock, valued at approximately $6,166,000.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Atmos Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after acquiring an additional 276,485 shares in the last quarter. Capital International Investors grew its position in shares of Atmos Energy by 8.5% in the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after purchasing an additional 927,986 shares in the last quarter. State Street Corp grew its position in shares of Atmos Energy by 1.5% in the fourth quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock valued at $1,808,117,000 after purchasing an additional 155,836 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Atmos Energy by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock valued at $703,824,000 after purchasing an additional 78,438 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Atmos Energy by 2.3% during the 3rd quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock valued at $638,102,000 after purchasing an additional 84,786 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Trading Up 0.8%

Shares of ATO stock opened at $172.54 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. Atmos Energy Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The company has a market capitalization of $28.80 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. The business’s fifty day moving average is $177.37 and its 200 day moving average is $176.50.

Atmos Energy (NYSE:ATO) last posted 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 return on equity of 9.59% and a net margin of 27.58%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts anticipate that Atmos Energy Corporation will post 8.43 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ATO. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, June 19th. Morgan Stanley set a $190.00 target price on Atmos Energy in a report on Wednesday. Truist Financial decreased their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Barclays increased their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Finally, Citigroup raised their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and a consensus target price of $182.60.

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.