Riversedge Advisors LLC Makes New $866,000 Investment in Atmos Energy Corporation $ATO

Riversedge Advisors LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,535 shares of the utilities provider’s stock, valued at approximately $866,000.

Several other institutional investors have also modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Atmos Energy during the second quarter worth about $2,624,975,000. Bank of America Corp DE increased its stake in Atmos Energy by 11.0% during the 1st quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock worth $775,719,000 after buying an additional 416,933 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Atmos Energy by 1.7% during the fourth quarter. Deutsche Bank AG now owns 2,887,367 shares of the utilities provider’s stock valued at $484,009,000 after acquiring an additional 47,860 shares during the last quarter. Amundi raised its holdings in shares of Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after acquiring an additional 520,828 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Atmos Energy during the second quarter valued at approximately $276,558,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Trading Up 0.5%

ATO stock traded up $0.72 during trading on Friday, reaching $161.38. 223,807 shares of the stock were exchanged, compared to its average volume of 1,229,692. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $27.27 billion, a price-to-earnings ratio of 19.21, a P/E/G ratio of 2.58 and a beta of 0.57. The business has a 50 day moving average price of $165.08 and a 200-day moving average price of $173.87. Atmos Energy Corporation has a 1 year low of $154.72 and a 1 year high of $192.51.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same quarter in the prior year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, research analysts predict that Atmos Energy Corporation will post 8.47 earnings per share for the current year.

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 annualized dividend and a yield of 2.5%. Atmos Energy’s dividend payout ratio (DPR) is 47.62%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ATO shares. Barclays lowered their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. Wells Fargo & Company began coverage on Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective on the stock. Morgan Stanley lowered their target price on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research note on Friday, September 18th. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group decreased their price target on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.58.

Insider Transactions at Atmos Energy

In other Atmos Energy news, Director William Ware bought 300 shares of Atmos Energy stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 0.43% of the stock is currently owned by company insiders.

About Atmos Energy

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.