BI Asset Management Fondsmaeglerselskab A S Reduces Stock Position in Atmos Energy Corporation $ATO

BI Asset Management Fondsmaeglerselskab A S lessened its position in shares of Atmos Energy Corporation (NYSE:ATO) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,839 shares of the utilities provider’s stock after selling 3,161 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Atmos Energy were worth $3,158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ATO. Garner Asset Management Corp acquired a new position in shares of Atmos Energy in the 4th quarter valued at about $25,000. JFS Wealth Advisors LLC raised its holdings in shares of Atmos Energy by 85.9% during the fourth 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. acquired a new position in shares of Atmos Energy during the fourth quarter valued at approximately $26,000. Princeton Global Asset Management LLC increased its holdings in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC acquired a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $167.82 on Tuesday. The business’s 50 day simple moving average is $181.69 and its 200-day simple moving average is $176.83. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.96 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping 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 business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities analysts forecast that Atmos Energy Corporation will post 8.43 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were issued a $1.00 dividend. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 annualized dividend and a yield of 2.4%. Atmos Energy’s payout ratio is 49.14%.

Wall Street Analysts Forecast Growth

ATO has been the subject of several analyst reports. 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. Citigroup increased their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial decreased their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Barclays lifted 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. Finally, TD Cowen raised their price target on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus 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.