Elevation Point Wealth Partners LLC Purchases Shares of 4,837 Atmos Energy Corporation $ATO

by · The Markets Daily

Elevation Point Wealth Partners LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 4,837 shares of the utilities provider’s stock, valued at approximately $833,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Atmos Energy by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock valued at $3,525,687,000 after acquiring an additional 276,485 shares during the period. BlackRock Inc. bought a new stake in Atmos Energy in the second quarter valued at $2,624,975,000. Capital International Investors increased its position in Atmos Energy by 8.5% during the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after purchasing an additional 927,986 shares during the period. State Street Corp raised its holdings in Atmos Energy by 1.5% in the 4th quarter. State Street Corp now owns 10,786,358 shares of the utilities provider’s stock worth $1,808,117,000 after purchasing an additional 155,836 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Atmos Energy by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock worth $703,824,000 after purchasing an additional 78,438 shares during the period. Institutional investors own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In related news, Director William James Ware bought 300 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the acquisition, the director owned 488 shares in the company, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ATO shares. Wells Fargo & Company started coverage on shares of Atmos Energy in a research note on Monday, July 13th. They issued an “overweight” rating and a $200.00 price target for the company. Morgan Stanley dropped their price target on Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Friday. Argus reduced their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Citigroup boosted 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. Finally, Mizuho decreased their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. 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 has an average rating of “Hold” and an average price target of $187.73.

View Our Latest Stock Report on ATO

Atmos Energy Trading Up 0.6%

Atmos Energy stock opened at $167.85 on Tuesday. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51. The business’s fifty day moving average is $173.54 and its 200 day moving average is $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. The stock has a market capitalization of $28.36 billion, a PE ratio of 19.96, a price-to-earnings-growth ratio of 2.89 and a beta of 0.60.

Atmos Energy (NYSE:ATO – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The firm had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period in the previous year, the business posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts predict that Atmos Energy Corporation will post 8.46 EPS 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 given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s payout ratio is 47.56%.

Atmos Energy Profile

(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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