Mitchell & Pahl Private Wealth LLC Acquires 15,145 Shares of Atmos Energy Corporation $ATO

Mitchell & Pahl Private Wealth LLC acquired a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,145 shares of the utilities provider’s stock, valued at approximately $2,369,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Atmos Energy during the 2nd quarter valued at about $2,624,975,000. Bank of America Corp DE purchased a new stake in shares of Atmos Energy during the 2nd quarter valued at about $720,212,000. Deutsche Bank AG purchased a new stake in shares of Atmos Energy during the 2nd quarter valued at about $431,677,000. Legal & General Group Plc bought a new stake in shares of Atmos Energy in the second quarter worth approximately $276,558,000. Finally, GQG Partners LLC bought a new stake in shares of Atmos Energy in the second quarter worth approximately $202,443,000. 90.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ATO shares. Argus reissued a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a report on Tuesday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Barclays dropped their target price on shares of Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 14th. Jefferies Financial Group cut their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research report on Thursday, October 1st. Finally, Truist Financial decreased their target price on shares of Atmos Energy from $188.00 to $179.00 and set a “hold” rating for the company in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $183.58.

Atmos Energy Stock Performance

Shares of NYSE:ATO traded up $0.42 during trading on Wednesday, hitting $163.89. The company’s stock had a trading volume of 871,263 shares, compared to its average volume of 1,230,187. The company has a 50-day moving average of $164.44 and a 200-day moving average of $173.47. Atmos Energy Corporation has a 12 month low of $154.72 and a 12 month high of $192.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.81 and a quick ratio of 0.73. The firm has a market cap of $27.70 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.63 and a beta of 0.57.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. 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. On average, sell-side analysts expect that Atmos Energy Corporation will post 8.47 earnings per share for the current 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 paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Monday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 47.62%.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director William Ware purchased 300 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the purchase, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their position. The acquisition 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 corporate insiders.

Atmos Energy Profile

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.