Atmos Energy Corporation $ATO Shares Bought by Tredje AP fonden

Tredje AP fonden raised its holdings in Atmos Energy Corporation (NYSE:ATO) by 238.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 45,130 shares of the utilities provider’s stock after buying an additional 31,808 shares during the period. Tredje AP fonden’s holdings in Atmos Energy were worth $7,565,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ATO. Bank of America Corp DE grew its holdings in shares of Atmos Energy by 94.9% during the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Atmos Energy by 26,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after purchasing an additional 1,029,781 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of Atmos Energy during the fourth quarter worth about $107,729,000. Capital International Investors grew its holdings in shares of Atmos Energy by 3.4% during the third quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock worth $1,872,162,000 after purchasing an additional 359,780 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Atmos Energy by 3.5% during the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after purchasing an additional 356,942 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ATO shares. TD Cowen raised their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday. Truist Financial dropped their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a report on Monday. Barclays raised their price target on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday. Finally, Morgan Stanley lowered their price target on Atmos Energy from $197.00 to $195.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and a consensus price target of $182.70.

Atmos Energy Stock Performance

NYSE ATO opened at $178.02 on Wednesday. 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 Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The business’s 50-day moving average price is $184.98 and its 200 day moving average price is $177.10. The firm has a market cap of $29.72 billion, a P/E ratio of 21.87, a P/E/G ratio of 3.09 and a beta of 0.65.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts expect that Atmos Energy Corporation will post 8.48 earnings per share for the current year.

Atmos Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.

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.