VestGen Advisors LLC Buys New Holdings in Atmos Energy Corporation $ATO

VestGen Advisors LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,336 shares of the utilities provider’s stock, valued at approximately $522,000.

Several other large investors have also recently bought and sold shares of ATO. BlackRock Inc. bought a new position in shares of Atmos Energy during the second quarter worth approximately $2,624,975,000. Avidian Wealth Enterprises LLC acquired a new position in Atmos Energy during the third quarter worth about $1,608,000. Rosenberg Matthew Hamilton increased its holdings in shares of Atmos Energy by 474.7% during the third quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock worth $934,000 after buying an additional 4,932 shares in the last quarter. Anchor Investment Management LLC boosted its stake in shares of Atmos Energy by 176.7% during the second quarter. Anchor Investment Management LLC now owns 22,612 shares of the utilities provider’s stock valued at $3,895,000 after purchasing an additional 14,440 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in Atmos Energy during the 2nd quarter worth approximately $720,212,000. 90.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ATO. JPMorgan Chase & Co. cut Atmos Energy from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $198.00 to $180.00 in a research note on Friday, September 11th. Jefferies Financial Group decreased their price target on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a report on Thursday, October 1st. Truist Financial cut their target price on Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a research report on Thursday, October 15th. Morgan Stanley raised their price objective on shares of Atmos Energy from $179.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 21st. Finally, Wells Fargo & Company began coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target for the company. Three analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $183.27.

Atmos Energy Trading Up 0.1%

NYSE:ATO opened at $172.53 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a 50-day moving average of $164.16 and a 200-day moving average of $174.11. The company has a market cap of $29.16 billion, a PE ratio of 20.54, a PEG ratio of 2.74 and a beta of 0.56. Atmos Energy Corporation has a one year low of $154.72 and a one year high of $192.51.

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

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were issued a dividend of $1.00 per share. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.3%. Atmos Energy’s dividend payout ratio is 47.62%.

Insider Buying and Selling

In related news, Director William Ware purchased 300 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the transaction, the director owned 488 shares of the company’s stock, valued at $81,783.92. This represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

About Atmos Energy

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.