Rockefeller Capital Management L.P. Increases Stock Position in Atmos Energy Corporation $ATO

Rockefeller Capital Management L.P. grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 57.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,623 shares of the utilities provider’s stock after buying an additional 5,312 shares during the period. Rockefeller Capital Management L.P.’s holdings in Atmos Energy were worth $2,451,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new position in shares of Atmos Energy in the 4th quarter worth about $331,426,000. Bank of America Corp DE boosted its stake in 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 acquiring an additional 1,778,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Atmos Energy by 26,269.9% in 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 period. Capital International Investors grew its holdings in Atmos Energy by 8.5% in the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after purchasing an additional 927,986 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new position in shares of Atmos Energy during the fourth quarter valued at approximately $107,729,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Stock Performance

ATO stock opened at $174.68 on Tuesday. The stock has a market capitalization of $29.16 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.04 and a beta of 0.60. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month 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 stock’s 50 day simple moving average is $176.58 and its 200 day simple moving average is $176.63.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, beating the consensus estimate of $3.37 by $0.10. The business had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period last year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, research analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays lifted their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial reduced their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Finally, Mizuho dropped their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $182.60.

Atmos Energy Company 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.