Anchor Investment Management LLC Has $3.90 Million Holdings in Atmos Energy Corporation $ATO

Anchor Investment Management LLC grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 176.7% during the second quarter, Holdings Channel.com reports. The institutional investor owned 22,612 shares of the utilities provider’s stock after purchasing an additional 14,440 shares during the quarter. Anchor Investment Management LLC’s holdings in Atmos Energy were worth $3,895,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Tidal Investments LLC lifted its position in shares of Atmos Energy by 163.5% during the 2nd quarter. Tidal Investments LLC now owns 42,632 shares of the utilities provider’s stock valued at $7,344,000 after acquiring an additional 26,454 shares during the period. National Pension Service grew its holdings in Atmos Energy by 2.4% in the second quarter. National Pension Service now owns 250,465 shares of the utilities provider’s stock worth $43,148,000 after purchasing an additional 5,778 shares during the period. Engineers Gate Manager LP bought a new stake in Atmos Energy in the second quarter valued at $13,458,000. NewEdge Advisors LLC increased its stake in Atmos Energy by 62.7% in the second quarter. NewEdge Advisors LLC now owns 15,376 shares of the utilities provider’s stock valued at $2,649,000 after purchasing an additional 5,924 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Atmos Energy by 85.8% during the second quarter. IFP Advisors Inc now owns 3,178 shares of the utilities provider’s stock valued at $547,000 after purchasing an additional 1,468 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Down 1.0%

Shares of ATO traded down $1.67 on Tuesday, reaching $162.17. The company’s stock had a trading volume of 1,107,939 shares, compared to its average volume of 1,237,715. Atmos Energy Corporation has a twelve month low of $160.10 and a twelve month high of $192.51. The stock has a market capitalization of $27.41 billion, a PE ratio of 19.28, a PEG ratio of 2.83 and a beta of 0.60. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average of $171.82 and a 200-day moving average of $177.27.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same period in the previous year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts predict that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio is presently 47.56%.

Insider Buying and Selling

In related news, Director William Ware acquired 300 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

Wall Street Analysts Forecast Growth

ATO has been the subject of several research reports. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Mizuho cut their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Argus reduced their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Wall Street Zen downgraded Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Truist Financial lowered their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Atmos Energy has an average rating of “Hold” and an average price target of $186.09.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. Through its utility operations, the company delivers natural gas to residential, commercial, industrial and agricultural customers, with services focused on safe and reliable energy delivery.

Atmos Energy serves customers across eight states: Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, Texas and Virginia. Its operations include local natural gas distribution as well as pipeline transportation and storage activities, primarily through its Atmos Pipeline-Texas business.

The company traces its roots to 1906 and has expanded over time through growth and acquisitions in the natural gas industry.