Biltmore Wealth Management LLC Buys New Position in Atmos Energy Corporation $ATO

Biltmore Wealth Management LLC bought a new stake in shares of Atmos Energy Corporation (NYSE:ATO) during the third quarter, HoldingsChannel reports. The firm bought 3,350 shares of the utilities provider’s stock, valued at approximately $524,000.

Several other institutional investors 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 bought a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $25,000. Elevation Wealth Partners LLC boosted its position 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 worth $28,000 after purchasing an additional 138 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $28,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Atmos Energy in the 1st quarter worth approximately $34,000. 90.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of recent research reports. Barclays lowered their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 14th. 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. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Jefferies Financial Group dropped their price target on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating on the stock in a research note on Thursday, October 1st. Finally, Argus reissued a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $183.58.

Atmos Energy Stock Performance

ATO traded up $1.03 during trading on Friday, hitting $161.69. The company’s stock had a trading volume of 877,657 shares, compared to its average volume of 1,233,125. The business’s 50 day simple moving average is $165.08 and its 200-day simple moving average is $173.87. The firm has a market cap of $27.32 billion, a PE ratio of 19.25, a P/E/G ratio of 2.58 and a beta of 0.57. Atmos Energy Corporation has a one year low of $154.72 and a one 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.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. The company had revenue of $879.06 million during 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 period in the previous year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts predict that Atmos Energy Corporation will post 8.47 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 24th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio is 47.62%.

Insider Activity at Atmos Energy

In other news, Director William Ware purchased 300 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the purchase, the director owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.43% of the stock is owned by company insiders.

Atmos Energy Company 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.