Fox Run Management L.L.C. Makes New Investment in Atmos Energy Corporation $ATO

Fox Run Management L.L.C. acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 5,009 shares of the utilities provider’s stock, valued at approximately $840,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 276,485 shares in the last quarter. Capital International Investors increased its position in shares of Atmos Energy by 8.5% during the fourth 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 during the last quarter. State Street Corp increased its position in shares of Atmos Energy by 3.5% during the third quarter. State Street Corp now owns 10,630,522 shares of the utilities provider’s stock worth $1,815,162,000 after acquiring an additional 356,942 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Atmos Energy by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 4,214,985 shares of the utilities provider’s stock worth $703,824,000 after acquiring an additional 78,438 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Atmos Energy by 2.3% during the third quarter. Bank of America Corp DE now owns 3,737,053 shares of the utilities provider’s stock worth $638,102,000 after acquiring an additional 84,786 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Stock Up 1.0%

Shares of Atmos Energy stock opened at $169.32 on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a market cap of $28.26 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.91 and a beta of 0.60. Atmos Energy Corporation has a fifty-two week low of $149.98 and a fifty-two week high of $192.51. The business has a 50-day moving average price of $181.06 and a 200 day moving average price of $176.74.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.10. The firm had revenue of $1.96 billion during 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 previous year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts forecast that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is currently 49.14%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ATO shares. Citigroup lifted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Barclays lifted their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial dropped their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley set a $183.00 target price on Atmos Energy in a research report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $181.90.

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.