Assenagon Asset Management S.A. Sells 75,945 Shares of Atmos Energy Corporation $ATO

Assenagon Asset Management S.A. lowered its holdings in Atmos Energy Corporation (NYSE:ATO) by 66.4% in the 1st quarter, HoldingsChannel reports. The firm owned 38,441 shares of the utilities provider’s stock after selling 75,945 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Atmos Energy were worth $7,101,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Garner Asset Management Corp bought a new position in shares of Atmos Energy during the fourth quarter valued at approximately $25,000. Kingdom Financial Group LLC. purchased a new position in Atmos Energy during the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC raised its stake in Atmos Energy by 85.9% in 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. Princeton Global Asset Management LLC raised its stake in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock worth $29,000 after buying an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in Atmos Energy during the fourth quarter worth $32,000. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Trading Down 0.3%

Atmos Energy stock opened at $174.68 on Monday. The stock’s 50 day simple moving average is $176.85 and its two-hundred day simple moving average is $176.57. Atmos Energy Corporation has a 12 month low of $149.98 and a 12 month high of $192.51. The firm has a market cap of $29.16 billion, a PE ratio of 21.46, a P/E/G ratio of 3.04 and a beta of 0.60. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts anticipate that Atmos Energy Corporation will post 8.46 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm 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 of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.3%. Atmos Energy’s dividend payout ratio is presently 49.14%.

Analyst Ratings Changes

Several brokerages have issued reports on ATO. Wall Street Zen cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 19th. Citigroup upped their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. Morgan Stanley set a $190.00 target price on Atmos Energy in a research note on Wednesday. Finally, Truist Financial reduced their target price 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. One equities research analyst has rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Atmos Energy currently has a consensus rating of “Hold” and a consensus price target of $182.60.

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.