CIBC Asset Management Inc Purchases 15,614 Shares of Atmos Energy Corporation $ATO

CIBC Asset Management Inc grew its position in shares of Atmos Energy Corporation (NYSE:ATO) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 153,013 shares of the utilities provider’s stock after acquiring an additional 15,614 shares during the quarter. CIBC Asset Management Inc owned about 0.09% of Atmos Energy worth $25,630,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ATO. Garner Asset Management Corp bought a new position in shares of Atmos Energy during the 4th quarter valued at approximately $25,000. JFS Wealth Advisors LLC boosted its position in shares of Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 73 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Atmos Energy during the 4th quarter valued at approximately $26,000. Princeton Global Asset Management LLC boosted its position in shares of Atmos Energy by 270.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of Atmos Energy during the 4th quarter valued at approximately $32,000. 90.17% of the stock is currently owned by institutional investors.

Atmos Energy Stock Down 0.0%

Shares of ATO opened at $168.71 on Thursday. The company has a market cap of $28.16 billion, a PE ratio of 20.73, a P/E/G ratio of 2.93 and a beta of 0.60. The business has a fifty day moving average of $182.49 and a 200 day moving average of $176.96. Atmos Energy Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

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

Atmos Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, May 26th. 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 49.14%.

Analyst Ratings Changes

ATO has been the subject of a number of research reports. Barclays increased their target price on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Truist Financial lowered their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Citigroup raised their price target on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $183.00 price target on Atmos Energy in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.