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

Bank of New York Mellon Corp reduced its stake in shares of Atmos Energy Corporation (NYSE:ATO) by 0.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 892,696 shares of the utilities provider’s stock after selling 3,522 shares during the period. Bank of New York Mellon Corp owned approximately 0.54% of Atmos Energy worth $164,899,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Garner Asset Management Corp bought a new stake in shares of Atmos Energy during the fourth quarter worth $25,000. JFS Wealth Advisors LLC lifted its position 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 acquiring an additional 73 shares in the last quarter. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the 4th quarter valued at $26,000. Princeton Global Asset Management LLC boosted 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 worth $29,000 after purchasing an additional 127 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new position in Atmos Energy in the 4th quarter worth $32,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ATO. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Truist Financial upped their price objective on Atmos Energy from $187.00 to $188.00 and gave the stock a “hold” rating in a research report on Friday. Barclays decreased their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. boosted their target price on Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Atmos Energy currently has an average rating of “Hold” and a consensus target price of $186.42.

Atmos Energy Stock Down 0.3%

Shares of ATO stock opened at $177.57 on Friday. 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 Corporation has a 1 year low of $154.23 and a 1 year high of $192.51. The firm’s fifty day moving average price is $174.02 and its two-hundred day moving average price is $177.35. The firm has a market capitalization of $29.64 billion, a P/E ratio of 21.81, a PEG ratio of 3.08 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. The company had revenue of $1.96 billion during 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 in the prior year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts predict that Atmos Energy Corporation will post 8.45 EPS for the current fiscal year.

Atmos Energy Dividend Announcement

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