American National Bank & Trust Acquires New Holdings in Atmos Energy Corporation $ATO

American National Bank & Trust bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,104 shares of the utilities provider’s stock, valued at approximately $7,838,000.

A number of other hedge funds have also recently modified their holdings of ATO. 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 second quarter valued at about $25,000. Elevation Wealth Partners LLC grew 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 worth $28,000 after purchasing an additional 138 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Atmos Energy during the second quarter valued at $28,000. Finally, Western Wealth Management LLC purchased a new stake in Atmos Energy in the 1st quarter worth $34,000. Institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Atmos Energy in a research report on Friday, August 28th. Jefferies Financial Group decreased their price target on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research note on Thursday, October 1st. Morgan Stanley lowered their target price on shares of Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating for the company in a research note on Friday, September 18th. Argus reissued a “buy” rating and issued a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday. Finally, Wells Fargo & Company began coverage on shares of Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 price target for the company. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $183.58.

Insider Transactions at Atmos Energy

In related news, Director William Ware bought 300 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $167.59 per share, with a total value of $50,277.00. Following the completion of the purchase, the director directly owned 488 shares of the company’s stock, valued at approximately $81,783.92. This trade represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

Atmos Energy Stock Up 0.2%

Shares of ATO traded up $0.31 during mid-day trading on Wednesday, hitting $160.05. 205,428 shares of the company traded hands, compared to its average volume of 1,223,306. The company has a market capitalization of $27.05 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 2.56 and a beta of 0.57. Atmos Energy Corporation has a 1-year low of $154.72 and a 1-year 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. The business has a 50 day moving average of $165.71 and a 200 day moving average of $174.19.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The business had revenue of $879.06 million for the quarter, compared to the consensus estimate of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same quarter 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 year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 8th. Investors of record on Monday, August 24th were paid a $1.00 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.5%. Atmos Energy’s dividend payout ratio (DPR) is currently 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.