Mangrove Partners IM LLC Makes New $970,000 Investment in Atmos Energy Corporation $ATO

Mangrove Partners IM LLC purchased a new position in Atmos Energy Corporation (NYSE:ATO) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 5,786 shares of the utilities provider’s stock, valued at approximately $970,000.

A number of other hedge funds have also recently added to or reduced their stakes in ATO. Brighton Jones LLC acquired a new stake in Atmos Energy in the 4th quarter worth about $233,000. Integrated Wealth Concepts LLC boosted its stake in Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after buying an additional 308 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Atmos Energy by 8.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after buying an additional 1,331 shares during the last quarter. Empowered Funds LLC boosted its stake in Atmos Energy by 8.5% in the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after buying an additional 245 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Atmos Energy by 43.9% in the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after purchasing an additional 4,088 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Stock Performance

ATO stock opened at $169.55 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The stock has a market cap of $28.30 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.95 and a beta of 0.60. The firm has a 50 day simple moving average of $179.64 and a 200 day simple moving average of $176.59. Atmos Energy Corporation has a 52 week low of $149.98 and a 52 week high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts anticipate that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is currently 49.14%.

Analyst Ratings Changes

A number of equities analysts have recently commented on ATO shares. Citigroup raised their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen raised their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Morgan Stanley set a $183.00 price objective on Atmos Energy in a report on Thursday, May 21st. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Mizuho dropped their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $181.90.

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.