Jupiter Topco LLC Takes $2.50 Million Position in Atmos Energy Corporation $ATO
by Tristan Rich · The Markets DailyJupiter Topco LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) during the second quarter, HoldingsChannel reports. The fund acquired 14,521 shares of the utilities provider’s stock, valued at approximately $2,502,000.
Other hedge funds also recently bought and sold shares of the company. EFG International AG bought a new stake in Atmos Energy in the 2nd quarter worth approximately $334,000. Ancora Advisors LLC bought a new position in Atmos Energy during the second quarter valued at approximately $141,000. PDT Partners LLC bought a new position in Atmos Energy during the second quarter valued at approximately $2,836,000. Canada Pension Plan Investment Board purchased a new position in shares of Atmos Energy during the second quarter worth approximately $6,823,000. Finally, Kinloch Capital LLC purchased a new position in shares of Atmos Energy during the second quarter worth approximately $4,269,000. Institutional investors own 90.17% of the company’s stock.
Atmos Energy Price Performance
Shares of Atmos Energy stock opened at $167.77 on Thursday. 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 Corporation has a one year low of $160.10 and a one year high of $192.51. The business’s 50 day simple moving average is $173.13 and its two-hundred day simple moving average is $178.05. The stock has a market capitalization of $28.35 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.90 and a beta of 0.60.
Atmos Energy (NYSE:ATO – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts forecast that Atmos Energy Corporation will post 8.46 EPS for the current year.
Atmos Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio is presently 47.56%.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on ATO shares. Truist Financial lowered their price objective on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Morgan Stanley decreased their target price on shares of Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. Argus lowered their price target on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $187.73.
Check Out Our Latest Analysis on Atmos Energy
Insiders Place Their Bets
In other news, Director William James Ware purchased 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director directly owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.43% of the stock is owned by insiders.
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.
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