Tulsa Wealth Advisors INC Takes Position in Atmos Energy Corporation $ATO

Tulsa Wealth Advisors INC acquired a new position in Atmos Energy Corporation (NYSE:ATO) in the fourth quarter, Holdings Channel.com reports. The fund acquired 4,535 shares of the utilities provider’s stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake 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 during the last quarter. Capital International Investors raised its position in shares of Atmos Energy by 8.5% in the 4th 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 during the last quarter. State Street Corp raised its position in shares of Atmos Energy by 1.5% in the 4th 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 during the last quarter. Geode Capital Management LLC boosted its stake in Atmos Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock worth $703,824,000 after purchasing an additional 78,438 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Atmos Energy by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock worth $638,102,000 after purchasing an additional 84,786 shares in the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Price Performance

Shares of NYSE ATO opened at $169.98 on Friday. The business’s 50 day moving average price is $178.50 and its 200 day moving average price is $176.45. The firm has a market cap of $28.37 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.96 and a beta of 0.60. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

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

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup upped their price target 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. Truist Financial lowered their price objective 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. Mizuho dropped their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Barclays upped their target price on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.90.

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.