Clearstead Trust LLC Buys New Stake in Atmos Energy Corporation $ATO

Clearstead Trust LLC bought a new position in Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, Holdings Channel reports. The fund bought 4,762 shares of the utilities provider’s stock, valued at approximately $820,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Compound Planning Inc. increased its stake in shares of Atmos Energy by 3.6% in the fourth quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 58 shares during the period. Checchi Capital Advisers LLC lifted its position in shares of Atmos Energy by 3.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock worth $265,000 after purchasing an additional 60 shares during the last quarter. MGO One Seven LLC boosted its stake in Atmos Energy by 4.3% during the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 62 shares during the period. Wealthfront Advisers LLC boosted its stake in Atmos Energy by 0.8% during the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after purchasing an additional 65 shares during the period. Finally, Root Financial Partners LLC grew its holdings in Atmos Energy by 39.1% in the 1st quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after buying an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. JPMorgan Chase & Co. lifted their price target on Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. TD Cowen increased their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Wells Fargo & Company started coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective on the stock. Argus cut their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Morgan Stanley set a $196.00 target price on shares of Atmos Energy in a research note on Wednesday, July 22nd. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $188.27.

Atmos Energy Stock Performance

ATO opened at $169.79 on Friday. The stock’s 50 day simple moving average is $173.43 and its 200-day simple moving average is $178.17. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The stock has a market cap of $28.69 billion, a PE ratio of 20.19, a P/E/G ratio of 2.94 and a beta of 0.60. Atmos Energy Corporation has a 1 year low of $160.10 and a 1 year high of $192.51.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The firm had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same period last year, the business earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 8.46 EPS for the current year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is presently 47.56%.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director William James Ware bought 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the transaction, the director owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.43% of the company’s stock.

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.