Atmos Energy Corporation $ATO Shares Newly Bought by Riversedge Advisors LLC

Riversedge Advisors LLC purchased a new stake in Atmos Energy Corporation (NYSE:ATO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,535 shares of the utilities provider’s stock, valued at approximately $866,000.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Atmos Energy in the 2nd quarter valued at approximately $2,624,975,000. Bank of America Corp DE lifted its stake in Atmos Energy by 11.0% during the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock worth $775,719,000 after purchasing an additional 416,933 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Atmos Energy by 1.7% during the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock worth $484,009,000 after buying an additional 47,860 shares during the period. Amundi boosted its position in shares of Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock worth $314,171,000 after buying an additional 520,828 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of Atmos Energy in the second quarter valued at $276,558,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on ATO shares. Jefferies Financial Group decreased their target price on Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Argus reaffirmed a “buy” rating and issued a $185.00 target price on shares of Atmos Energy in a research report on Tuesday. Barclays cut their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Morgan Stanley lowered their price objective on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $180.00 price objective (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $183.58.

Insider Buying and Selling

In related news, Director William Ware purchased 300 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Stock Up 0.5%

NYSE:ATO traded up $0.72 during trading hours on Friday, hitting $161.38. The company’s stock had a trading volume of 223,807 shares, compared to its average volume of 1,229,692. Atmos Energy Corporation has a 52-week low of $154.72 and a 52-week high of $192.51. 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 stock has a market capitalization of $27.27 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The stock has a fifty day moving average of $165.08 and a 200-day moving average of $173.87.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The company had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same period in the previous year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts forecast that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued 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 47.62%.

Atmos Energy Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.