36,781 Shares in Atmos Energy Corporation $ATO Bought by Sound Income Strategies LLC

Sound Income Strategies LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 36,781 shares of the utilities provider’s stock, valued at approximately $5,754,000.

Other large investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. boosted its holdings in Atmos Energy by 3.7% in the first quarter. Compound Planning Inc. now owns 1,716 shares of the utilities provider’s stock worth $317,000 after purchasing an additional 62 shares during the period. Wealthfront Advisers LLC raised its holdings in shares of Atmos Energy by 0.8% during the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after purchasing an additional 65 shares during the period. Root Financial Partners LLC raised its holdings in shares of Atmos Energy by 39.1% during the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 66 shares during the period. Versant Capital Management Inc lifted its position in shares of Atmos Energy by 6.3% in the 2nd quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock worth $193,000 after buying an additional 66 shares during the last quarter. Finally, Amarillo National Bank lifted its position in shares of Atmos Energy by 0.3% in the 1st quarter. Amarillo National Bank now owns 28,641 shares of the utilities provider’s stock worth $5,291,000 after buying an additional 74 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director William Ware purchased 300 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the acquisition, the director owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.43% of the company’s stock.

Analyst Ratings Changes

ATO has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Barclays dropped their price objective on shares of 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. Truist Financial cut their target price on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Morgan Stanley decreased their target price on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Finally, Wells Fargo & Company began coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price for the company. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $183.58.

Atmos Energy Stock Performance

Shares of ATO traded up $1.03 during midday trading on Friday, hitting $161.69. 877,657 shares of the stock traded hands, compared to its average volume of 1,233,125. The business’s 50 day moving average price is $165.08 and its two-hundred day moving average price is $173.87. The firm has a market capitalization of $27.32 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 2.58 and a beta of 0.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a 1-year low of $154.72 and a 1-year high of $192.51.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $879.06 million for the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same quarter last year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.62%.

Atmos Energy Company Profile

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.