J. Safra Sarasin Holding AG Sells 4,439 Shares of Atmos Energy Corporation $ATO

by · The Markets Daily

J. Safra Sarasin Holding AG decreased its stake in Atmos Energy Corporation (NYSE:ATO – Free Report) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,353 shares of the utilities provider’s stock after selling 4,439 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Atmos Energy were worth $1,725,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ATO. Brighton Jones LLC acquired a new position in Atmos Energy during the fourth quarter worth $233,000. Integrated Wealth Concepts LLC boosted its stake in shares of Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock valued at $490,000 after purchasing an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock valued at $2,676,000 after purchasing an additional 1,331 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after purchasing an additional 245 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after purchasing an additional 4,088 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ATO has been the subject of several analyst reports. Argus cut their price target on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Citigroup upped their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Barclays boosted their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 8th. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Finally, Mizuho dropped 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. Three research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $185.36.

View Our Latest Stock Analysis on Atmos Energy

Atmos Energy Stock Up 1.8%

Shares of NYSE:ATO opened at $179.45 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.95 billion, a P/E ratio of 22.05, a P/E/G ratio of 3.06 and a beta of 0.60. Atmos Energy Corporation has a 12 month low of $152.80 and a 12 month high of $192.51. The company’s 50-day moving average price is $174.53 and its two-hundred day moving average price is $177.16.

Atmos Energy (NYSE:ATO – Get Free Report) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, research analysts forecast that Atmos Energy Corporation will post 8.45 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.

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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