3,482 Shares of Atmos Energy Corporation $ATO Acquired by KG Capital Management

KG Capital Management purchased a new stake in Atmos Energy Corporation (NYSE:ATO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,482 shares of the utilities provider’s stock, valued at approximately $545,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in shares of Atmos Energy during the 2nd quarter valued at about $25,000. Continuum Advisory LLC acquired a new position in shares of Atmos Energy in the 2nd quarter worth approximately $25,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Atmos Energy in the 2nd quarter worth approximately $28,000. Elevation Wealth Partners LLC raised its holdings 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. Finally, Downshift Financial LLC raised its holdings 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 worth $29,000 after purchasing an additional 176 shares in the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $163.89 on Thursday. The company’s fifty day moving average is $164.27 and its two-hundred day moving average is $173.34. The company has a market cap of $27.70 billion, a P/E ratio of 19.51, a price-to-earnings-growth ratio of 2.64 and a beta of 0.57. Atmos Energy Corporation has a 12-month low of $154.72 and a 12-month 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 issued its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping the consensus estimate of $1.35 by $0.08. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. The business had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. During the same quarter last year, the firm posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts expect that Atmos Energy Corporation will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

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

Analysts Set New Price Targets

Several research firms recently commented on ATO. Jefferies Financial Group cut their target price on shares of Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research note on Thursday, October 1st. Argus reissued a “buy” rating and set a $185.00 price objective on shares of Atmos Energy in a research note on Tuesday, October 6th. Truist Financial decreased their target price on Atmos Energy from $188.00 to $179.00 and set a “hold” rating on the stock in a report on Thursday, August 13th. Weiss Ratings restated a “buy (b)” rating on shares of Atmos Energy in a report on Friday, August 28th. Finally, Morgan Stanley cut their target price on Atmos Energy from $190.00 to $179.00 and set an “equal weight” rating on the stock in a research report on Friday, September 18th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $183.58.

Insider Buying and Selling

In other Atmos Energy news, Director William Ware bought 300 shares of the stock in a transaction on Tuesday, August 11th. The shares were bought at an average price of $167.59 per share, with a total value of $50,277.00. Following the purchase, the director directly owned 488 shares in the company, valued at $81,783.92. The trade was a 159.57% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.43% of the company’s stock.

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.