PDT Partners LLC Takes $2.84 Million Position in Atmos Energy Corporation $ATO

PDT Partners LLC bought a new stake in Atmos Energy Corporation (NYSE:ATO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,460 shares of the utilities provider’s stock, valued at approximately $2,836,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in Atmos Energy during the 2nd quarter worth about $6,823,000. Kinloch Capital LLC acquired a new position in Atmos Energy in the second quarter valued at $4,269,000. Legal & General Group Plc acquired a new stake in Atmos Energy during the 2nd quarter worth approximately $276,558,000. The Manufacturers Life Insurance Company purchased a new position in Atmos Energy in the 2nd quarter valued at $66,671,000. Finally, Cetera Trust Company N.A acquired a new position in shares of Atmos Energy during the second quarter worth about $43,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ATO shares. TD Cowen raised their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Argus reduced their price objective on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Wells Fargo & Company initiated coverage on shares of Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 price objective on the stock. Finally, Barclays reduced their target price on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $187.73.

Atmos Energy Trading Up 1.1%

NYSE:ATO opened at $169.35 on Thursday. Atmos Energy Corporation has a one year low of $160.10 and a one year high of $192.51. The business’s 50-day simple moving average is $173.49 and its 200 day simple moving average is $178.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a market cap of $28.62 billion, a price-to-earnings ratio of 20.14, a price-to-earnings-growth ratio of 2.90 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.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. As a group, sell-side analysts predict that Atmos Energy Corporation will post 8.46 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 8th. Investors of record on Monday, August 24th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s dividend payout ratio is currently 47.56%.

Insider Buying and Selling

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

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.