Atmos Energy Corporation $ATO Shares Newly Acquired by Adams Asset Advisors LLC

Adams Asset Advisors LLC bought a new stake in Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, Holdings Channel.com reports. The firm bought 62,424 shares of the utilities provider’s stock, valued at approximately $9,766,000.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC purchased a new position in Atmos Energy during the 2nd quarter worth approximately $25,000. Continuum Advisory LLC purchased a new stake in Atmos Energy in the second quarter valued at approximately $25,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Atmos Energy in the second quarter valued at approximately $28,000. Elevation Wealth Partners LLC boosted its holdings 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 acquiring an additional 138 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of Atmos Energy during the first quarter worth approximately $34,000. 90.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atmos Energy

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ATO shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. 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 research note on Friday, September 11th. Jefferies Financial Group reduced their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a report on Thursday, October 1st. Argus reiterated a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday. Finally, Wells Fargo & Company initiated coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $183.58.

Atmos Energy Stock Performance

Shares of Atmos Energy stock traded up $1.47 during trading hours on Thursday, hitting $160.68. 2,138,024 shares of the company were exchanged, compared to its average volume of 1,234,984. 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 business has a 50-day moving average of $165.34 and a 200-day moving average of $174.01. Atmos Energy Corporation has a 1 year low of $154.72 and a 1 year high of $192.51. The stock has a market capitalization of $27.15 billion, a price-to-earnings ratio of 19.13, a P/E/G ratio of 2.58 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million for the quarter, compared to analyst estimates 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 last year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, analysts expect that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

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

Atmos Energy Company 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.