Danske Bank A S Takes $3.05 Million Position in Atmos Energy Corporation $ATO

Danske Bank A S purchased a new position in Atmos Energy Corporation (NYSE:ATO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,705 shares of the utilities provider’s stock, valued at approximately $3,050,000.

Several other large investors also recently added to or reduced their stakes in ATO. Garner Asset Management Corp purchased a new stake in shares of Atmos Energy during the fourth quarter valued at $25,000. Kingdom Financial Group LLC. purchased a new position in shares of Atmos Energy in the 4th quarter worth approximately $26,000. Elevation Wealth Partners LLC grew its position in shares of Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after buying an additional 138 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of Atmos Energy during the 1st quarter worth approximately $34,000. Finally, DV Equities LLC bought a new position in shares of Atmos Energy during the 4th quarter worth approximately $37,000. 90.17% of the stock is owned by institutional investors.

Atmos Energy Trading Down 2.0%

Shares of ATO opened at $167.16 on Friday. Atmos Energy Corporation has a 12-month low of $160.10 and a 12-month high of $192.51. The firm has a market capitalization of $28.25 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.95 and a beta of 0.60. The firm has a 50-day moving average price of $173.57 and a 200 day moving average price of $178.26. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analyst estimates 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 business posted $1.16 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio (DPR) is 47.56%.

Wall Street Analyst Weigh In

ATO has been the subject of several recent research reports. Morgan Stanley reduced their target price on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating for the company in a report on Friday. Barclays lowered their price target on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Wells Fargo & Company initiated coverage on Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target for the company. Mizuho lowered their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Finally, TD Cowen upped their target price on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $187.73.

Insider Buying and Selling

In other Atmos Energy news, Director William James Ware purchased 300 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares in the company, valued at approximately $81,783.92. This trade represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is owned by corporate insiders.

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.