Picton Mahoney Asset Management Acquires New Shares in Atmos Energy Corporation $ATO

Picton Mahoney Asset Management purchased a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,978 shares of the utilities provider’s stock, valued at approximately $850,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Atmos Energy during the 2nd quarter worth approximately $282,487,000. Bank of America Corp DE lifted its holdings in shares of Atmos Energy by 94.9% during the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock worth $562,851,000 after purchasing an additional 1,778,653 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Atmos Energy by 220.1% during the second quarter. Squarepoint Ops LLC now owns 720,956 shares of the utilities provider’s stock worth $111,107,000 after purchasing an additional 495,712 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Atmos Energy by 23.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,899,283 shares of the utilities provider’s stock worth $292,699,000 after purchasing an additional 362,894 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in Atmos Energy in the third quarter valued at $48,798,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Stock Down 0.0%

Shares of NYSE:ATO opened at $185.34 on Friday. The business’s 50 day moving average is $173.37 and its 200 day moving average is $171.61. Atmos Energy Corporation has a 12-month low of $141.59 and a 12-month high of $187.98. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 24.07, a PEG ratio of 3.20 and a beta of 0.74. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 0.67.

Atmos Energy (NYSE:ATO) last announced its earnings results on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.41 by $0.03. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.21 billion. Atmos Energy had a return on equity of 9.20% and a net margin of 25.67%.During the same quarter in the previous year, the business earned $2.23 EPS. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. On average, sell-side analysts forecast that Atmos Energy Corporation will post 7.18 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 23rd will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Monday, February 23rd. Atmos Energy’s payout ratio is presently 51.95%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Atmos Energy in a report on Monday, December 29th. Citigroup raised their price objective on Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Barclays lifted their price objective on Atmos Energy from $165.00 to $167.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 27th. Zacks Research upgraded Atmos Energy to a “hold” rating in a report on Tuesday, November 18th. Finally, Mizuho increased their target price on shares of Atmos Energy from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $175.67.

About Atmos Energy

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.