Atmos Energy Corporation $ATO Shares Newly Acquired by Bank & Trust Co

Bank & Trust Co bought a new position in Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 14,202 shares of the utilities provider’s stock, valued at approximately $2,222,000. Atmos Energy accounts for approximately 1.1% of Bank & Trust Co’s holdings, making the stock its 25th biggest position.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Atmos Energy during the 2nd quarter worth about $2,624,975,000. Rosenberg Matthew Hamilton increased its holdings in shares of Atmos Energy by 474.7% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 5,971 shares of the utilities provider’s stock valued at $934,000 after purchasing an additional 4,932 shares during the period. Bank of America Corp DE purchased a new stake in shares of Atmos Energy in the second quarter worth approximately $720,212,000. Opal Capital LLC purchased a new stake in shares of Atmos Energy in the first quarter worth approximately $6,154,000. Finally, Entropy Technologies LP acquired a new stake in shares of Atmos Energy during the first quarter worth approximately $2,558,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ATO has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Truist Financial decreased their target price on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Argus reissued a “buy” rating and set a $185.00 target price on shares of Atmos Energy in a research note on Tuesday. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Finally, 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 target on the stock. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $183.58.

Atmos Energy Stock Performance

Shares of NYSE:ATO traded up $0.31 during trading on Wednesday, reaching $160.05. The stock had a trading volume of 205,428 shares, compared to its average volume of 1,223,306. Atmos Energy Corporation has a 52 week low of $154.72 and a 52 week high of $192.51. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 19.05, a P/E/G ratio of 2.56 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $165.71 and a two-hundred day simple moving average of $174.19.

Atmos Energy (NYSE:ATO) last issued 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 during 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 period in the previous year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Atmos Energy’s payout ratio is currently 47.62%.

Insider Transactions at Atmos Energy

In other Atmos Energy news, Director William Ware acquired 300 shares of the company’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 completion of the purchase, the director owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.43% of the stock is owned by company insiders.

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.