Diversify Wealth Management LLC Acquires 16,932 Shares of Atmos Energy Corporation $ATO

Diversify Wealth Management LLC grew its holdings in Atmos Energy Corporation (NYSE:ATO) by 40.9% during the first quarter, Holdings Channel.com reports. The firm owned 58,356 shares of the utilities provider’s stock after acquiring an additional 16,932 shares during the period. Diversify Wealth Management LLC’s holdings in Atmos Energy were worth $10,837,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Garner Asset Management Corp bought a new position in shares of Atmos Energy in the fourth quarter valued at about $25,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares in the last quarter. Kingdom Financial Group LLC. bought a new stake in Atmos Energy during the 4th quarter worth about $26,000. Princeton Global Asset Management LLC grew its holdings in Atmos Energy by 270.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in Atmos Energy in the 4th quarter valued at about $32,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Argus dropped their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Barclays increased their price target on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Citigroup boosted their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $190.00 price objective on Atmos Energy in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $183.90.

Atmos Energy Trading Up 0.9%

ATO stock traded up $1.50 during midday trading on Friday, reaching $176.22. The stock had a trading volume of 527,259 shares, compared to its average volume of 1,242,316. The firm has a market cap of $29.42 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.06 and a beta of 0.60. Atmos Energy Corporation has a twelve month low of $152.80 and a twelve month high of $192.51. 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 business has a fifty day simple moving average of $174.74 and a two-hundred day simple moving average of $177.01.

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

Atmos Energy Announces Dividend

The firm 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 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is currently 49.14%.

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.