Danske Bank A S Invests $3.05 Million in Atmos Energy Corporation $ATO

Danske Bank A S acquired a new stake in Atmos Energy Corporation (NYSE:ATO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 17,705 shares of the utilities provider’s stock, valued at approximately $3,050,000.

Other hedge funds have also recently bought and sold shares of the company. Compound Planning Inc. increased its stake in Atmos Energy by 3.6% during the fourth quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 58 shares during the period. MGO One Seven LLC boosted its stake in shares of Atmos Energy by 4.3% in the fourth quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 62 shares during the period. Wealthfront Advisers LLC grew its holdings in shares of Atmos Energy by 0.8% in the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock valued at $1,506,000 after purchasing an additional 65 shares in the last quarter. Root Financial Partners LLC grew its holdings in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 66 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Atmos Energy by 6.3% during the 2nd quarter. Versant Capital Management Inc now owns 1,119 shares of the utilities provider’s stock worth $193,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Morgan Stanley decreased their target price on Atmos Energy from $196.00 to $190.00 and set an “equal weight” rating for the company in a report on Friday. 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 report on Thursday, August 13th. Citigroup increased their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company initiated coverage on Atmos Energy in a research report on Monday, July 13th. They set an “overweight” rating and a $200.00 price objective for the company. Four equities 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.com, the company currently has a consensus rating of “Hold” and an average target price of $187.73.

Insider Buying and Selling

In related news, Director William James Ware acquired 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.

Atmos Energy Stock Down 2.0%

Atmos Energy stock opened at $167.16 on Friday. Atmos Energy Corporation has a 1-year low of $160.10 and a 1-year high of $192.51. 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 cap of $28.25 billion, a PE ratio of 19.88, a P/E/G ratio of 2.95 and a beta of 0.60. The stock’s fifty day moving average is $173.57 and its two-hundred day moving average is $178.26.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $879.06 million during the quarter, compared to the consensus estimate of $900.82 million. During the same period in the previous year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts expect that Atmos Energy Corporation will post 8.46 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th 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 Monday, August 24th. Atmos Energy’s dividend payout ratio is currently 47.56%.

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.