Allstate Corp Grows Position in Atmos Energy Corporation $ATO

Allstate Corp raised its holdings in shares of Atmos Energy Corporation (NYSE:ATO) by 114.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,096 shares of the utilities provider’s stock after buying an additional 6,468 shares during the quarter. Allstate Corp’s holdings in Atmos Energy were worth $2,028,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Root Financial Partners LLC purchased a new stake in shares of Atmos Energy during the third quarter worth $25,000. Garner Asset Management Corp purchased a new stake in shares of Atmos Energy during the fourth quarter worth $25,000. JFS Wealth Advisors LLC grew 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 worth $26,000 after buying an additional 73 shares in the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Atmos Energy during the fourth quarter worth $26,000. Finally, Princeton Global Asset Management LLC grew 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 period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ATO. 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 report on Wednesday, April 8th. Truist Financial dropped their price objective on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Weiss Ratings lowered shares of Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a report on Thursday, May 7th. Morgan Stanley set a $183.00 price objective on shares of Atmos Energy in a report on Thursday, May 21st. Finally, Wall Street Zen raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $181.50.

Atmos Energy Stock Down 1.8%

Shares of ATO opened at $173.15 on Friday. The stock has a market capitalization of $28.90 billion, a PE ratio of 21.27, a P/E/G ratio of 3.06 and a beta of 0.65. Atmos Energy Corporation has a 1 year low of $149.98 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The company’s 50-day simple moving average is $183.65 and its 200-day simple moving average is $177.24.

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 the consensus estimate of $3.37 by $0.10. The business 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 quarter in the prior year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts forecast that Atmos Energy Corporation will post 8.44 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

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

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.