Portfolio Design Labs LLC Purchases Shares of 3,480 Atmos Energy Corporation $ATO

Portfolio Design Labs LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,480 shares of the utilities provider’s stock, valued at approximately $600,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Advisors Capital Management LLC bought a new position in Atmos Energy during the second quarter valued at about $258,000. Frazier Financial Advisors LLC purchased a new position in shares of Atmos Energy during the 2nd quarter valued at $25,000. Csenge Advisory Group bought a new stake in shares of Atmos Energy in the 2nd quarter valued at approximately $311,000. AssuredPartners Investment Advisors LLC bought a new stake in Atmos Energy in the second quarter worth $573,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Atmos Energy during the 2nd quarter valued at about $216,000. 90.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Atmos Energy news, Director William James Ware purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Argus decreased their target price on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Barclays dropped their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $188.27.

Atmos Energy Stock Down 0.4%

Shares of ATO stock opened at $170.63 on Friday. The stock has a market cap of $28.83 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.97 and a beta of 0.60. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51. The stock has a fifty day moving average price of $173.62 and a 200 day moving average price of $178.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results 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 firm had revenue of $879.06 million for the quarter, compared to the consensus estimate 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 previous year, the company earned $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Atmos Energy’s payout ratio is presently 47.56%.

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.