Decision Investments Inc. Acquires 4,794 Shares of Atmos Energy Corporation $ATO

Decision Investments Inc. bought a new position in Atmos Energy Corporation (NYSE:ATO) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 4,794 shares of the utilities provider’s stock, valued at approximately $750,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in Atmos Energy in the second quarter worth about $25,000. Continuum Advisory LLC purchased a new position in shares of Atmos Energy in the 2nd quarter valued at approximately $25,000. Elevation Wealth Partners LLC boosted 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 valued at $28,000 after purchasing an additional 138 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Atmos Energy during the second quarter valued at approximately $28,000. Finally, Western Wealth Management LLC purchased a new stake in Atmos Energy in the first quarter worth $34,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director William Ware acquired 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ATO has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Monday, August 3rd. Truist Financial lowered their price target on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research report on Thursday, August 13th. Jefferies Financial Group cut their price objective on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a report on Thursday, October 1st. Finally, Barclays decreased their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $183.58.

Atmos Energy Stock Down 0.3%

Atmos Energy stock traded down $0.42 during trading hours on Wednesday, hitting $159.32. The stock had a trading volume of 1,533,340 shares, compared to its average volume of 1,230,304. The stock’s 50-day moving average price is $165.71 and its 200-day moving average price is $174.19. The stock has a market capitalization of $26.92 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.56 and a beta of 0.57. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month high of $192.51. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64.

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

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio is presently 47.62%.

About Atmos Energy

Atmos Energy Corporation is a regulated natural gas distribution and pipeline company headquartered in Dallas, Texas. The company delivers natural gas to residential, commercial, industrial and institutional customers and is one of the largest natural gas distributors in the United States.

Atmos Energy operates through two primary businesses: natural gas distribution and pipeline and storage operations. Its distribution activities include acquiring, transporting, storing and delivering natural gas, while its pipeline operations provide transportation and storage services and support the company’s distribution network.

The company serves customers across eight states, including Texas, Louisiana, Mississippi, Colorado, Kansas, Kentucky, Tennessee and Virginia.