Eastern Bank Trims Stock Position in Atmos Energy Corporation $ATO

Eastern Bank cut its stake in Atmos Energy Corporation (NYSE:ATO) by 23.1% in the 2nd quarter, Holdings Channel reports. The firm owned 48,842 shares of the utilities provider’s stock after selling 14,698 shares during the period. Eastern Bank’s holdings in Atmos Energy were worth $8,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ATO. Garner Asset Management Corp bought a new stake in shares of Atmos Energy during the 4th quarter valued at about $25,000. Kingdom Financial Group LLC. purchased a new position in shares of Atmos Energy during the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its holdings in shares of Atmos Energy by 270.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 127 shares during the period. Elevated Capital Advisors LLC bought a new position in shares of Atmos Energy in the 4th quarter worth approximately $32,000. Finally, Western Wealth Management LLC bought a new position in shares of Atmos Energy in the 1st quarter worth approximately $34,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ATO has been the topic of several research reports. JPMorgan Chase & Co. lifted their price target on Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Mizuho decreased 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. Barclays lowered their price objective on 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. Argus dropped their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Thursday, July 2nd. Finally, TD Cowen upped their target price on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Atmos Energy presently has an average rating of “Hold” and a consensus target price of $186.92.

Atmos Energy Trading Up 0.2%

NYSE ATO opened at $173.19 on Tuesday. Atmos Energy Corporation has a 12 month low of $155.56 and a 12 month high of $192.51. The stock has a market cap of $28.91 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.00 and a beta of 0.60. The stock’s fifty day moving average price is $173.56 and its 200-day moving average price is $178.12. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65.

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 firm had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter in the previous 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 forecast that Atmos Energy Corporation will post 8.44 EPS for the current fiscal year.

Atmos Energy Announces Dividend

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

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.