61,980 Shares in Atmos Energy Corporation $ATO Acquired by ABN Amro Investment Solutions

ABN Amro Investment Solutions bought a new position in shares of Atmos Energy Corporation (NYSE:ATO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 61,980 shares of the utilities provider’s stock, valued at approximately $9,552,000.

Several other hedge funds have also recently added to or reduced their stakes in ATO. Brooklyn Investment Group raised its position in shares of Atmos Energy by 141.2% during the first quarter. Brooklyn Investment Group now owns 234 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 137 shares during the period. ST Germain D J Co. Inc. raised its holdings in Atmos Energy by 50.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 300 shares of the utilities provider’s stock worth $46,000 after buying an additional 100 shares during the period. Bogart Wealth LLC lifted its stake in Atmos Energy by 11,200.0% during the second quarter. Bogart Wealth LLC now owns 339 shares of the utilities provider’s stock valued at $52,000 after buying an additional 336 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of Atmos Energy by 24.0% in the second quarter. Westside Investment Management Inc. now owns 372 shares of the utilities provider’s stock worth $57,000 after buying an additional 72 shares during the period. Finally, Zions Bancorporation National Association UT purchased a new position in shares of Atmos Energy in the first quarter worth approximately $59,000. Institutional investors and hedge funds own 90.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ATO shares. LADENBURG THALM/SH SH reissued a “neutral” rating and set a $163.00 price target (down from $171.00) on shares of Atmos Energy in a research report on Friday, August 8th. Morgan Stanley upped their target price on Atmos Energy from $167.00 to $181.00 and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b+)” rating on shares of Atmos Energy in a report on Wednesday, October 8th. Bank of America reiterated a “neutral” rating and issued a $185.00 price objective (up previously from $182.00) on shares of Atmos Energy in a research note on Thursday, October 16th. Finally, UBS Group reiterated a “neutral” rating and issued a $159.00 target price (up previously from $146.00) on shares of Atmos Energy in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $170.44.

Atmos Energy Stock Performance

Shares of ATO opened at $177.81 on Thursday. The firm has a market cap of $28.54 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.90 and a beta of 0.73. The company’s fifty day moving average is $171.43 and its 200-day moving average is $162.55. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a 12 month low of $136.05 and a 12 month high of $180.65.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, November 5th. The utilities provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.06. The firm had revenue of $754.64 million during the quarter, compared to analysts’ expectations of $726.97 million. Atmos Energy had a net margin of 25.05% and a return on equity of 9.00%. During the same period in the prior year, the company posted $1.08 earnings per share. Atmos Energy has set its FY 2025 guidance at 8.150-8.350 EPS. Equities analysts expect that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, November 24th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.2%. The ex-dividend date is Monday, November 24th. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.87. Atmos Energy’s dividend payout ratio is currently 53.40%.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.