Harrison Street Private Wealth LLC Buys Shares of 26,860 Atmos Energy Corporation $ATO

Harrison Street Private Wealth LLC purchased a new position in Atmos Energy Corporation (NYSE:ATO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,860 shares of the utilities provider’s stock, valued at approximately $4,962,000. Atmos Energy comprises about 6.6% of Harrison Street Private Wealth LLC’s holdings, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in ATO. Norges Bank purchased a new position in Atmos Energy in the fourth quarter worth $331,426,000. Bank of America Corp DE raised its position in Atmos Energy by 94.9% during the second quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock valued at $562,851,000 after purchasing an additional 1,778,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Atmos Energy by 26,269.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock worth $173,279,000 after purchasing an additional 1,029,781 shares during the last quarter. Capital International Investors lifted its stake in Atmos Energy by 8.5% during the fourth quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock worth $1,993,968,000 after purchasing an additional 927,986 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Atmos Energy in the 4th quarter worth about $107,729,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Up 2.1%

Shares of ATO stock opened at $176.66 on Friday. The stock has a market capitalization of $29.49 billion, a PE ratio of 21.70, a P/E/G ratio of 3.00 and a beta of 0.60. Atmos Energy Corporation has a 1-year low of $150.51 and a 1-year high of $192.51. The business has a 50-day moving average of $175.91 and a 200 day moving average of $176.77. 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 (NYSE:ATO) last posted its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (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 period last year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors 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 2.3%. Atmos Energy’s payout ratio is 49.14%.

Analyst Ratings Changes

A number of analysts recently weighed in on ATO shares. Truist Financial dropped their target price 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. Argus reduced their price target on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Citigroup boosted their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Barclays upped their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $183.90.

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.