Bank of New York Mellon Corp Sells 3,522 Shares of Atmos Energy Corporation $ATO

Bank of New York Mellon Corp trimmed its position in shares of Atmos Energy Corporation (NYSE:ATO) by 0.4% during the first quarter, Holdings Channel.com reports. The institutional investor owned 892,696 shares of the utilities provider’s stock after selling 3,522 shares during the period. Bank of New York Mellon Corp’s holdings in Atmos Energy were worth $164,899,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new stake in Atmos Energy in the fourth quarter valued at $25,000. JFS Wealth Advisors LLC raised its holdings in shares of Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the period. Kingdom Financial Group LLC. acquired a new stake in Atmos Energy in the 4th quarter valued at about $26,000. Princeton Global Asset Management LLC lifted its stake 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 valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in Atmos Energy during the fourth quarter worth about $32,000. 90.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ATO. Morgan Stanley set a $190.00 price target on Atmos Energy in a research report on Wednesday, June 24th. TD Cowen raised 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. Mizuho reduced their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday, May 29th. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Argus dropped their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Atmos Energy presently has an average rating of “Hold” and a consensus target price of $186.42.

Atmos Energy Stock Performance

Shares of ATO stock opened at $177.57 on Friday. Atmos Energy Corporation has a 52 week low of $154.23 and a 52 week high of $192.51. The company has a market capitalization of $29.64 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.08 and a beta of 0.60. The company has a 50-day simple moving average of $174.02 and a 200 day simple moving average of $177.35. 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 (NYSE:ATO) last released its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.10. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. During the same period in the prior year, the firm earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts predict that Atmos Energy Corporation will post 8.45 earnings per share for the current year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Atmos Energy 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.