Commerce Bank Takes Position in Atmos Energy Corporation $ATO

Commerce Bank acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 8,194 shares of the utilities provider’s stock, valued at approximately $1,412,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Atmos Energy by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock worth $3,525,687,000 after buying an additional 276,485 shares during the period. BlackRock Inc. purchased a new position in shares of Atmos Energy in the 2nd quarter valued at $2,624,975,000. Capital International Investors raised its position in shares of 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 acquiring an additional 927,986 shares in the last quarter. State Street Corp raised its position in shares of 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 acquiring an additional 155,836 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Atmos Energy by 1.9% during 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 last quarter. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.1%

Atmos Energy stock opened at $167.58 on Wednesday. The stock has a 50-day moving average of $173.50 and a two-hundred day moving average of $178.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51. The stock has a market cap of $28.32 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 2.91 and a beta of 0.60.

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

Atmos Energy Dividend Announcement

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

Insiders Place Their Bets

In related news, Director William James Ware purchased 300 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ATO shares. Citigroup raised their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Truist Financial decreased their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Weiss Ratings cut shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Barclays reduced their price objective on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $187.73.

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.