Atmos Energy Corporation $ATO Shares Purchased by Wedmont Private Capital

Wedmont Private Capital boosted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 999.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,151 shares of the utilities provider’s stock after acquiring an additional 11,955 shares during the quarter. Wedmont Private Capital’s holdings in Atmos Energy were worth $2,057,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new stake in Atmos Energy during the second quarter worth about $25,000. Continuum Advisory LLC acquired a new stake in shares of Atmos Energy during the second quarter worth about $25,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of Atmos Energy in the second quarter valued at approximately $28,000. Elevation Wealth Partners LLC boosted its stake in shares of Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the period. Finally, Western Wealth Management LLC acquired a new position in shares of Atmos Energy in the first quarter valued at approximately $34,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ATO. Argus reaffirmed a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday. Barclays dropped their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Morgan Stanley reduced their price objective on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $180.00 target price (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and an average target price of $183.58.

Atmos Energy Stock Up 0.6%

ATO stock opened at $161.69 on Friday. The company’s 50 day moving average price is $164.85 and its 200 day moving average price is $173.79. The firm has a market capitalization of $27.32 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 2.60 and a beta of 0.57. Atmos Energy Corporation has a fifty-two week low of $154.72 and a fifty-two week high of $192.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81.

Atmos Energy (NYSE:ATO) last issued 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 net margin of 28.50% and a return on equity of 9.67%. The company had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same quarter in the previous year, the firm earned $1.16 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 8.47 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s payout ratio is 47.62%.

Insider Activity at Atmos Energy

In other news, Director William Ware bought 300 shares of the 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 purchase, the director owned 488 shares in the company, valued at approximately $81,783.92. This trade represents a 159.57% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.43% of the company’s stock.

About Atmos Energy

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.