Magellan Asset Management Ltd Purchases 42,813 Shares of Atmos Energy Corporation $ATO

Magellan Asset Management Ltd lifted its position in shares of Atmos Energy Corporation (NYSE:ATO) by 30.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 181,367 shares of the utilities provider’s stock after buying an additional 42,813 shares during the quarter. Magellan Asset Management Ltd’s holdings in Atmos Energy were worth $33,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Garner Asset Management Corp acquired a new position in shares of Atmos Energy in the fourth quarter valued at about $25,000. JFS Wealth Advisors LLC grew its position in shares of Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 73 shares in the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Atmos Energy during the fourth quarter worth approximately $26,000. Princeton Global Asset Management LLC increased its holdings in shares of Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $174.88 on Wednesday. The firm has a 50 day moving average of $173.78 and a 200-day moving average of $177.52. Atmos Energy Corporation has a 12 month low of $154.23 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 has a market capitalization of $29.19 billion, a PE ratio of 21.48, a PEG ratio of 3.08 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results 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. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same quarter last year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts predict that Atmos Energy Corporation will post 8.43 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ATO shares. Argus cut their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Barclays lowered their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Mizuho dropped their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Morgan Stanley set a $190.00 target price on Atmos Energy in a research report on Wednesday, June 24th. Finally, Citigroup increased 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. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $186.42.

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.