The Manufacturers Life Insurance Company Has $59.74 Million Stake in Atmos Energy Corporation $ATO

The Manufacturers Life Insurance Company decreased its position in Atmos Energy Corporation (NYSE:ATO) by 9.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 323,423 shares of the utilities provider’s stock after selling 35,569 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Atmos Energy were worth $59,743,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Garner Asset Management Corp bought a new stake in Atmos Energy in the fourth quarter worth approximately $25,000. Kingdom Financial Group LLC. acquired a new stake in shares of Atmos Energy in the 4th quarter valued at $26,000. Princeton Global Asset Management LLC boosted its holdings in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 127 shares in the last quarter. Elevated Capital Advisors LLC acquired a new position in Atmos Energy during the fourth quarter worth $32,000. Finally, DV Equities LLC acquired a new position in Atmos Energy during the fourth quarter worth $37,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ATO shares. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Sunday. Morgan Stanley set a $196.00 target price on Atmos Energy in a report on Wednesday, July 22nd. Truist Financial increased their price target on Atmos Energy from $187.00 to $188.00 and gave the company a “hold” rating in a report on Friday, July 17th. Weiss Ratings cut shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Finally, TD Cowen upped their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four 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, Atmos Energy currently has a consensus rating of “Hold” and an average price target of $186.92.

Atmos Energy Price Performance

NYSE ATO opened at $177.69 on Thursday. Atmos Energy Corporation has a twelve month low of $154.55 and a twelve month high of $192.51. 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 market capitalization of $29.66 billion, a PE ratio of 21.83, a P/E/G ratio of 3.11 and a beta of 0.60. The stock has a 50-day simple moving average of $173.81 and a 200 day simple moving average of $177.99.

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 firm had revenue of $1.96 billion for 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 quarter last year, the firm posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts anticipate that Atmos Energy Corporation will post 8.44 EPS for the current year.

Atmos Energy Dividend Announcement

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

Atmos Energy Company 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.