OP Asset Management Ltd Buys Shares of 16,230 Atmos Energy Corporation $ATO

OP Asset Management Ltd purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,230 shares of the utilities provider’s stock, valued at approximately $2,998,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC acquired a new stake in Atmos Energy in the fourth quarter worth about $233,000. Integrated Wealth Concepts LLC increased its stake in Atmos Energy by 10.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after buying an additional 308 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Atmos Energy by 8.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after buying an additional 1,331 shares in the last quarter. Empowered Funds LLC raised its position in shares of Atmos Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after buying an additional 245 shares in the last quarter. Finally, Woodline Partners LP lifted its stake in shares of Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after acquiring an additional 4,088 shares during the period. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Performance

Shares of ATO stock opened at $174.68 on Friday. Atmos Energy Corporation has a 1-year low of $149.98 and a 1-year high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $29.16 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 3.04 and a beta of 0.60. The stock’s fifty day simple moving average is $176.85 and its 200-day simple moving average is $176.50.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Atmos Energy’s dividend payout ratio is presently 49.14%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ATO. Mizuho decreased their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. TD Cowen upped 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. Truist Financial decreased their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Morgan Stanley set a $190.00 price target on Atmos Energy in a research report on Wednesday. Finally, Citigroup upped their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.60.

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.