Atmos Energy Corporation $ATO Stake Lessened by TD Asset Management Inc

TD Asset Management Inc cut its stake in Atmos Energy Corporation (NYSE:ATO) by 60.1% in the 4th quarter, HoldingsChannel reports. The fund owned 66,706 shares of the utilities provider’s stock after selling 100,447 shares during the period. TD Asset Management Inc’s holdings in Atmos Energy were worth $11,182,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Garner Asset Management Corp bought a new position in shares of Atmos Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC boosted its holdings in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Atmos Energy in the fourth quarter valued at approximately $26,000. Princeton Global Asset Management LLC boosted its holdings in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of Atmos Energy in the fourth quarter valued at approximately $32,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Stock Down 1.4%

ATO stock opened at $167.82 on Tuesday. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The firm has a market cap of $28.01 billion, a PE ratio of 20.62, a P/E/G ratio of 2.96 and a beta of 0.60. The firm has a 50 day simple moving average of $181.69 and a 200 day simple moving average of $176.83. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, beating the consensus estimate of $3.37 by $0.10. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same quarter in the prior year, the firm earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts forecast that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is 49.14%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATO. Mizuho decreased their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Truist Financial cut their target price on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Citigroup increased their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays increased their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $181.90.

About Atmos Energy

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.