Bank of New York Mellon Corp Sells 3,156 Shares of Atmos Energy Corporation $ATO

Bank of New York Mellon Corp lessened its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 896,218 shares of the utilities provider’s stock after selling 3,156 shares during the period. Bank of New York Mellon Corp’s holdings in Atmos Energy were worth $150,233,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in Atmos Energy in the 4th quarter worth approximately $25,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC lifted its position in Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new stake in Atmos Energy in the 4th quarter worth approximately $32,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Price Performance

ATO opened at $170.50 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. Atmos Energy Corporation has a 52-week low of $149.98 and a 52-week high of $192.51. The stock has a market capitalization of $28.46 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The stock’s 50 day moving average price is $182.00 and its 200-day moving average price is $176.87.

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

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s payout ratio is 49.14%.

Analyst Ratings Changes

A number of research firms recently weighed in on ATO. Barclays boosted their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. TD Cowen boosted their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Morgan Stanley set a $183.00 price objective on Atmos Energy in a research report on Thursday, May 21st. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday. Finally, Mizuho lowered their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, Atmos Energy presently has a consensus rating of “Hold” and an average target price of $181.90.

Atmos Energy Company Profile

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.