Kingsview Wealth Management LLC Buys Shares of 6,134 Atmos Energy Corporation $ATO

Kingsview Wealth Management LLC purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the second quarter, Holdings Channel.com reports. The fund purchased 6,134 shares of the utilities provider’s stock, valued at approximately $1,057,000.

Several other institutional investors have also added to or reduced their stakes in ATO. Frazier Financial Advisors LLC purchased a new position in shares of Atmos Energy in the second quarter worth about $25,000. Pin Oak Investment Advisors Inc. bought a new position in Atmos Energy in the 2nd quarter worth approximately $28,000. Garner Asset Management Corp bought a new stake in Atmos Energy during the 4th quarter valued at $25,000. Kingdom Financial Group LLC. bought a new stake in Atmos Energy during the 4th quarter valued at $26,000. Finally, Elevation Wealth Partners LLC lifted its position in shares of Atmos Energy by 627.3% during the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 138 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ATO. Barclays reduced their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 14th. Citigroup upped their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Argus lowered their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Finally, Mizuho cut their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $187.73.

Insider Activity at Atmos Energy

In other news, Director William James Ware purchased 300 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares in the company, valued at $81,783.92. This represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.43% of the stock is currently owned by insiders.

Atmos Energy Stock Down 0.3%

NYSE ATO opened at $166.77 on Friday. The business’s 50-day moving average is $173.37 and its 200 day moving average is $178.18. Atmos Energy Corporation has a 1 year low of $160.10 and a 1 year high of $192.51. The stock has a market capitalization of $28.18 billion, a PE ratio of 19.83, a PEG ratio of 2.89 and a beta of 0.60. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, beating the consensus estimate of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.The business had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same quarter last year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts forecast that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, August 24th. Atmos Energy’s dividend payout ratio is currently 47.56%.

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.