SEB Asset Management AB Makes New Investment in Atmos Energy Corporation $ATO

SEB Asset Management AB purchased a new stake in Atmos Energy Corporation (NYSE:ATO) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 77,947 shares of the utilities provider’s stock, valued at approximately $14,398,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ATO. Garner Asset Management Corp acquired a new position in Atmos Energy during the fourth quarter worth $25,000. JFS Wealth Advisors LLC raised its holdings in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 73 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Atmos Energy in the fourth quarter valued at approximately $26,000. Princeton Global Asset Management LLC increased its stake in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in Atmos Energy during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.2%

Atmos Energy stock opened at $177.38 on Tuesday. The firm has a market capitalization of $29.61 billion, a P/E ratio of 21.79, a P/E/G ratio of 3.08 and a beta of 0.60. The company has a 50-day simple moving average of $173.93 and a 200-day simple moving average of $177.47. Atmos Energy Corporation has a one year low of $154.23 and a one year high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.

Atmos Energy (NYSE:ATO) last posted 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 firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations 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 firm earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts expect that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a $1.00 dividend. 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 is presently 49.14%.

Analysts Set New Price Targets

Several equities research analysts have commented on ATO shares. Mizuho dropped their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Morgan Stanley set a $190.00 price objective on Atmos Energy in a report on Wednesday, June 24th. Barclays dropped their target price on shares of 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. Finally, Truist Financial increased their price target on shares of Atmos Energy from $187.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $186.42.

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.