MBL Wealth LLC Makes New Investment in Atmos Energy Corporation $ATO

MBL Wealth LLC acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,637 shares of the utilities provider’s stock, valued at approximately $882,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ATO. Frazier Financial Advisors LLC bought a new position in Atmos Energy during the second quarter valued at $25,000. Continuum Advisory LLC purchased a new stake in shares of Atmos Energy in the second quarter valued at $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Atmos Energy in the 2nd quarter worth about $28,000. Elevation Wealth Partners LLC lifted its holdings 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 acquiring an additional 138 shares during the last quarter. Finally, Downshift Financial LLC lifted its holdings in shares of Atmos Energy by 2,514.3% in the 3rd quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atmos Energy

In related news, Director William Ware purchased 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The stock was purchased 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 in the company, valued at approximately $81,783.92. The trade was 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 this hyperlink. Insiders own 0.43% of the company’s stock.

Atmos Energy Price Performance

ATO opened at $172.49 on Friday. 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 company has a market capitalization of $29.15 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.81 and a beta of 0.57. The business’s fifty day simple moving average is $164.04 and its 200-day simple moving average is $172.55. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month high of $192.51.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm 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 quarter in the prior year, the company earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts anticipate that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

Analyst Ratings Changes

A number of research firms recently commented on ATO. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Wells Fargo & Company began coverage on shares of Atmos Energy in a research report on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Jefferies Financial Group dropped their target price on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research report on Thursday, October 1st. Finally, Truist Financial reduced their price target on Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. Three investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $183.27.

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.