Tulsa Wealth Advisors INC Invests $760,000 in Atmos Energy Corporation $ATO

Tulsa Wealth Advisors INC purchased a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,535 shares of the utilities provider’s stock, valued at approximately $760,000.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Atmos Energy during the fourth quarter worth $331,426,000. Bank of America Corp DE grew its holdings in shares of 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 last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Atmos Energy by 26,269.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after buying an additional 1,029,781 shares during the period. Capital International Investors increased its stake in Atmos Energy by 8.5% in the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after buying an additional 927,986 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Atmos Energy during the 4th quarter valued at about $107,729,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.1%

Shares of NYSE:ATO opened at $169.98 on Friday. Atmos Energy Corporation has a 12-month low of $149.98 and a 12-month high of $192.51. The business’s fifty day simple moving average is $178.50 and its 200-day simple moving average is $176.45. The company has a market capitalization of $28.37 billion, a PE ratio of 20.88, a P/E/G ratio of 2.96 and a beta of 0.60. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data 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 return on equity of 9.59% and a net margin of 27.58%.The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts predict that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is presently 49.14%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday. Mizuho reduced their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research report on Friday, May 29th. Truist Financial decreased their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Barclays upped 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. Finally, Citigroup increased their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and a consensus price target of $181.90.

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.