Geode Capital Management LLC Has $703.82 Million Stock Position in Atmos Energy Corporation $ATO

Geode Capital Management LLC grew its stake in Atmos Energy Corporation (NYSE:ATO) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,214,985 shares of the utilities provider’s stock after purchasing an additional 78,438 shares during the period. Geode Capital Management LLC’s holdings in Atmos Energy were worth $703,824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Atmos Energy by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 21,032,554 shares of the utilities provider’s stock valued at $3,525,687,000 after purchasing an additional 276,485 shares during the period. Capital International Investors grew its stake in shares of Atmos Energy by 3.4% in the 3rd quarter. Capital International Investors now owns 10,965,840 shares of the utilities provider’s stock valued at $1,872,162,000 after purchasing an additional 359,780 shares during the period. State Street Corp grew its stake in shares of Atmos Energy by 3.5% in the 3rd quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock valued at $1,815,162,000 after purchasing an additional 356,942 shares during the period. Bank of America Corp DE grew its stake in shares of Atmos Energy by 2.3% in the 3rd quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock valued at $638,102,000 after purchasing an additional 84,786 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Atmos Energy by 0.6% in the 3rd quarter. Invesco Ltd. now owns 3,099,360 shares of the utilities provider’s stock valued at $529,216,000 after purchasing an additional 17,022 shares during the period. 90.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ATO has been the topic of several analyst reports. Morgan Stanley set a $183.00 price objective on Atmos Energy in a research note on Thursday, May 21st. Truist Financial lowered their price objective 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. Citigroup upped their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings lowered Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $181.90.

Atmos Energy Stock Down 2.4%

NYSE ATO opened at $168.96 on Friday. The firm has a market cap of $28.20 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 2.94 and a beta of 0.65. Atmos Energy Corporation has a one year low of $149.98 and a one year high of $192.51. The stock’s 50 day simple moving average is $183.33 and its 200 day simple moving average is $177.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period in the prior year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts forecast that Atmos Energy Corporation will post 8.44 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

About Atmos Energy

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.