First National Bank of Omaha Invests $2.46 Million in Atmos Energy Corporation $ATO
by Kim Johansen · The Markets DailyFirst National Bank of Omaha bought a new position in shares of Atmos Energy Corporation (NYSE:ATO – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,294 shares of the utilities provider’s stock, valued at approximately $2,462,000.
A number of other large investors have also recently bought and sold shares of the company. Garner Asset Management Corp purchased a new position in Atmos Energy during the 4th quarter worth approximately $25,000. Kingdom Financial Group LLC. acquired a new stake in Atmos Energy during the 4th quarter valued at approximately $26,000. Elevation Wealth Partners LLC boosted its holdings in shares of Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 138 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Atmos Energy in the 1st quarter valued at $34,000. Finally, DV Equities LLC acquired a new stake in shares of Atmos Energy in the fourth quarter worth $37,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.
Analysts Set New Price Targets
Several brokerages recently issued reports on ATO. Morgan Stanley set a $196.00 target price on shares of Atmos Energy in a report on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price target on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Truist Financial cut their price target on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a research report on Thursday, August 13th. Mizuho cut their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Finally, Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Atmos Energy currently has an average rating of “Hold” and an average price target of $188.27.
View Our Latest Stock Analysis on Atmos Energy
Insider Buying and Selling at Atmos Energy
In other news, Director William James Ware bought 300 shares of the stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.43% of the company’s stock.
Atmos Energy Trading Up 0.4%
Atmos Energy stock opened at $171.16 on Thursday. The firm has a market cap of $28.92 billion, a PE ratio of 20.35, a P/E/G ratio of 2.95 and a beta of 0.60. Atmos Energy Corporation has a 12 month low of $160.10 and a 12 month high of $192.51. The stock’s 50 day simple moving average is $173.57 and its two-hundred day simple moving average is $178.31. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64.
Atmos Energy (NYSE:ATO – Get Free Report) last posted its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The firm had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same period in the previous year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current year.
Atmos Energy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th will be issued 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 Company 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.
See Also
- Five stocks we like better than Atmos Energy
- Bloom Energy’s AI Surge Meets a Valuation Reality Check
- Target Is Winning Shoppers Back—Can the Rally Reach $180?
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Corporation (NYSE:ATO – Free Report).