CIBC Asset Management Inc Grows Holdings in Atmos Energy Corporation $ATO

CIBC Asset Management Inc grew its holdings in Atmos Energy Corporation (NYSE:ATO) by 11.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 153,013 shares of the utilities provider’s stock after purchasing an additional 15,614 shares during the period. CIBC Asset Management Inc’s holdings in Atmos Energy were worth $25,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ATO. Norges Bank purchased a new stake in Atmos Energy in the fourth quarter worth $331,426,000. Bank of America Corp DE increased its stake in Atmos Energy by 94.9% in the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Atmos Energy by 26,269.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after purchasing an additional 1,029,781 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in Atmos Energy in the fourth quarter worth $107,729,000. Finally, Capital International Investors increased its stake in shares of Atmos Energy by 3.4% during the third quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock valued at $1,872,162,000 after buying an additional 359,780 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

ATO opened at $168.71 on Thursday. The business’s 50-day moving average is $182.49 and its two-hundred day moving average is $176.96. Atmos Energy Corporation has a 1 year low of $149.98 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The firm has a market capitalization of $28.16 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 2.93 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The company had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts anticipate that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, May 26th. Atmos Energy’s payout ratio is 49.14%.

Wall Street Analyst Weigh In

ATO has been the topic of several research reports. TD Cowen raised their price target on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Citigroup raised their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays raised their price target on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Truist Financial cut their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Finally, Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $181.90.

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.