8,445 Shares of Atmos Energy Corporation $ATO Bought by Peddock Capital Advisors LLC

Peddock Capital Advisors LLC acquired a new stake in Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,445 shares of the utilities provider’s stock, valued at approximately $1,321,000.

A number of other hedge funds have also recently modified their holdings of ATO. Frazier Financial Advisors LLC purchased a new position in Atmos Energy during the second quarter worth about $25,000. Continuum Advisory LLC acquired a new position in Atmos Energy in the 2nd quarter valued at about $25,000. Elevation Wealth Partners LLC grew its stake in shares of Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after buying an additional 138 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Atmos Energy in the 2nd quarter valued at approximately $28,000. Finally, Downshift Financial LLC grew its stake in shares of Atmos Energy by 2,514.3% in the 3rd quarter. Downshift Financial LLC now owns 183 shares of the utilities provider’s stock valued at $29,000 after buying an additional 176 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Insider Buying and Selling at Atmos Energy

In related news, Director William Ware acquired 300 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATO. JPMorgan Chase & Co. restated a “neutral” rating and set a $180.00 price target (down from $198.00) on shares of Atmos Energy in a report on Friday, September 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Morgan Stanley decreased their price objective on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a report on Friday, September 18th. Jefferies Financial Group lowered their price objective on 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, Wells Fargo & Company initiated coverage on Atmos Energy in a research report on Monday, July 13th. They issued an “overweight” rating and a $200.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $183.00.

Atmos Energy Stock Up 2.2%

Shares of NYSE ATO traded up $3.53 during midday trading on Friday, hitting $167.48. The company’s stock had a trading volume of 955,892 shares, compared to its average volume of 1,138,878. 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 capitalization of $28.30 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 2.65 and a beta of 0.57. The business’s fifty day simple moving average is $164.05 and its two-hundred day simple moving average is $173.16. Atmos Energy Corporation has a 1 year low of $154.72 and a 1 year high of $192.51.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm 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 period in the prior year, the firm earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current year.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date was Monday, August 24th. This represents a $4.00 annualized dividend and a dividend yield of 2.4%. Atmos Energy’s payout ratio is 47.62%.

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.