PDT Partners LLC Acquires Shares of 16,460 Atmos Energy Corporation $ATO

PDT Partners LLC bought a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 16,460 shares of the utilities provider’s stock, valued at approximately $2,836,000.

A number of other large investors also recently modified their holdings of ATO. Frazier Financial Advisors LLC acquired a new stake in Atmos Energy during the second quarter worth about $25,000. Garner Asset Management Corp bought a new position in Atmos Energy in the fourth quarter worth about $25,000. Kingdom Financial Group LLC. bought a new position in shares of Atmos Energy during the fourth quarter valued at approximately $26,000. Elevation Wealth Partners LLC grew its holdings in shares of Atmos Energy by 627.3% during 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 last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of Atmos Energy during the 1st quarter worth approximately $34,000. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director William James Ware bought 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

Atmos Energy Stock Performance

Shares of ATO opened at $169.35 on Thursday. The firm has a market capitalization of $28.62 billion, a PE ratio of 20.14, a P/E/G ratio of 2.90 and a beta of 0.60. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average price of $173.49 and a 200 day moving average price of $178.29. Atmos Energy Corporation has a 52-week low of $160.10 and a 52-week high of $192.51.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results 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 company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period in the previous year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is presently 47.56%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ATO. Truist Financial cut their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. TD Cowen increased their target price on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Wells Fargo & Company started coverage on shares of Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 price target for the company. Finally, Morgan Stanley lowered their price target on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Four research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average target price of $187.73.

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.