Fearless Solutions LLC dba Best Invest Buys 5,202 Shares of Atmos Energy Corporation $ATO

Fearless Solutions LLC dba Best Invest bought a new position in Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,202 shares of the utilities provider’s stock, valued at approximately $814,000.

Other large investors also recently modified their holdings of the company. Focus Financial Network Inc. bought a new position in Atmos Energy in the 3rd quarter worth approximately $279,000. ASK Capital Investment Managers LLC acquired a new stake in shares of Atmos Energy in the 3rd quarter valued at $156,000. Enclave Advisors LLC bought a new stake in shares of Atmos Energy during the third quarter worth $102,000. Salem Investment Counselors Inc. bought a new stake in shares of Atmos Energy during the third quarter worth $153,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of Atmos Energy during the third quarter worth $1,256,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

ATO stock opened at $163.47 on Wednesday. Atmos Energy Corporation has a twelve month low of $154.72 and a twelve month high of $192.51. 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 company has a market cap of $27.63 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 2.63 and a beta of 0.57. The business’s fifty day moving average is $164.44 and its 200-day moving average is $173.47.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The business had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same period 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. Equities research analysts forecast that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio is presently 47.62%.

Wall Street Analyst Weigh In

ATO has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a research note on Friday, August 28th. Barclays lowered their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Morgan Stanley dropped their price objective on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a report on Friday, September 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 target price (down from $198.00) on shares of Atmos Energy in a research report on Friday, September 11th. Finally, Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average target price of $183.58.

Insiders Place Their Bets

In related news, Director William Ware bought 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the acquisition, the director owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.43% of the company’s stock.

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.