BI Asset Management Fondsmaeglerselskab A S Increases Stock Holdings in Atmos Energy Corporation $ATO

BI Asset Management Fondsmaeglerselskab A S increased its position in Atmos Energy Corporation (NYSE:ATO) by 140.7% in the first quarter, Holdings Channel.com reports. The fund owned 45,339 shares of the utilities provider’s stock after acquiring an additional 26,500 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Atmos Energy were worth $8,375,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ATO. Garner Asset Management Corp purchased a new stake in Atmos Energy in the 4th quarter worth approximately $25,000. Kingdom Financial Group LLC. bought a new position in Atmos Energy in the 4th quarter valued at $26,000. JFS Wealth Advisors LLC boosted its holdings in 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. Princeton Global Asset Management LLC grew its position in shares of Atmos Energy by 270.2% during 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 in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Atmos Energy during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Stock Down 0.1%

Shares of ATO opened at $169.98 on Monday. 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 current ratio of 1.00 and a quick ratio of 0.89. The stock has a 50 day simple moving average of $178.50 and a two-hundred day simple moving average of $176.49. The firm has a market cap of $28.37 billion, a P/E ratio of 20.88, a P/E/G ratio of 2.96 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted 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. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, 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 announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Tuesday, May 26th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio (DPR) is presently 49.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ATO shares. Truist Financial lowered their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research report on Monday, May 18th. Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Barclays upped their target price on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Finally, Morgan Stanley set a $183.00 price target on Atmos Energy in a research report on Thursday, May 21st. One analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average price target of $181.90.

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.