Sageworth Trust Co Makes New Investment in Atmos Energy Corporation $ATO

Sageworth Trust Co acquired a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,978 shares of the utilities provider’s stock, valued at approximately $550,000.

Other hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new position in Atmos Energy during the fourth quarter worth $25,000. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the fourth quarter valued at $26,000. JFS Wealth Advisors LLC raised its holdings in shares of Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Atmos Energy by 270.2% during the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC bought a new position in shares of Atmos Energy during the 4th quarter worth about $32,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Performance

Shares of ATO opened at $177.07 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The stock has a 50 day moving average price of $175.18 and a two-hundred day moving average price of $176.96. The firm has a market capitalization of $29.56 billion, a P/E ratio of 21.75, a P/E/G ratio of 3.08 and a beta of 0.60. Atmos Energy Corporation has a 52 week low of $151.28 and a 52 week high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The firm had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts forecast that Atmos Energy Corporation will post 8.45 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is presently 49.14%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ATO. Citigroup raised their target price on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial reduced their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Argus lowered their target price 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. Finally, TD Cowen lifted their price target on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average target price of $183.90.

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.