Hennessy Advisors Inc. Raises Holdings in Atmos Energy Corporation $ATO

by · The Markets Daily

Hennessy Advisors Inc. boosted its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,286 shares of the utilities provider’s stock after acquiring an additional 5,000 shares during the quarter. Hennessy Advisors Inc. owned 0.09% of Atmos Energy worth $25,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in ATO. BlackRock Inc. purchased a new position in Atmos Energy in the second quarter valued at approximately $2,624,975,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Atmos Energy in the fourth quarter worth $34,582,000. Principal Financial Group Inc. raised its stake in shares of Atmos Energy by 30.9% in the 4th quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after acquiring an additional 114,836 shares during the period. Opal Capital LLC acquired a new position in shares of Atmos Energy during the 1st quarter valued at $6,154,000. Finally, Entropy Technologies LP purchased a new stake in Atmos Energy during the 1st quarter worth $2,558,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.3%

Shares of NYSE ATO opened at $166.77 on Friday. The stock’s 50 day moving average price is $173.37 and its two-hundred day moving average price is $178.18. Atmos Energy Corporation has a 52-week low of $160.10 and a 52-week high of $192.51. The stock has a market capitalization of $28.18 billion, a P/E ratio of 19.83, a PEG ratio of 2.89 and a beta of 0.60. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same period in the previous year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Mizuho lowered their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on Atmos Energy from $196.00 to $198.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Barclays lowered their target price on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Wells Fargo & Company started coverage on Atmos Energy in a research report on Monday, July 13th. They set an “overweight” rating and a $200.00 price target on the stock. Finally, Argus decreased their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $187.73.

Read Our Latest Report on Atmos Energy

Insider Buying and Selling

In related news, Director William James Ware acquired 300 shares of Atmos Energy stock in a transaction that occurred on Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the transaction, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.43% of the stock is currently owned by insiders.

About Atmos Energy

(Free Report)

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.

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