NEOS Investment Management LLC Grows Position in Atmos Energy Corporation $ATO

NEOS Investment Management LLC raised its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 16.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,510 shares of the utilities provider’s stock after purchasing an additional 3,758 shares during the period. NEOS Investment Management LLC’s holdings in Atmos Energy were worth $4,567,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Atmos Energy in the second quarter worth approximately $2,624,975,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Atmos Energy in the fourth quarter worth $34,582,000. Opal Capital LLC bought a new stake in shares of Atmos Energy during the 1st quarter valued at $6,154,000. Entropy Technologies LP bought a new stake in shares of Atmos Energy during the 1st quarter valued at $2,558,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Atmos Energy during the 2nd quarter valued at $100,980,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In other news, Director William Ware bought 300 shares of the stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the transaction, the director owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.43% of the company’s stock.

Atmos Energy Trading Down 0.1%

Shares of Atmos Energy stock opened at $167.38 on Monday. Atmos Energy Corporation has a twelve month low of $160.10 and a twelve month high of $192.51. 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 business has a 50-day moving average price of $172.89 and a 200-day moving average price of $177.89. The firm has a market cap of $28.29 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 2.90 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. During the same period in the previous year, the business earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts anticipate that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th. Atmos Energy’s dividend payout ratio is 47.56%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ATO. JPMorgan Chase & Co. upped their price objective on Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. TD Cowen lifted their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Morgan Stanley lowered their price target on Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Mizuho dropped their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $187.73.

Atmos Energy 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.