TD Asset Management Inc Cuts Holdings in Atmos Energy Corporation (NYSE:ATO)

28 Jul 2025, 04:42 by Jessica Moore · The Cerbat Gem

TD Asset Management Inc decreased its position in Atmos Energy Corporation (NYSE:ATO – Free Report) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 448,599 shares of the utilities provider’s stock after selling 24,248 shares during the period. TD Asset Management Inc’s holdings in Atmos Energy were worth $69,344,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Capital International Investors lifted its holdings in Atmos Energy by 211.8% during the fourth quarter. Capital International Investors now owns 8,160,144 shares of the utilities provider’s stock worth $1,136,463,000 after acquiring an additional 5,543,451 shares during the period. Norges Bank purchased a new stake in shares of Atmos Energy during the 4th quarter valued at $206,538,000. BNP Paribas Financial Markets increased its position in shares of Atmos Energy by 541.4% during the 4th quarter. BNP Paribas Financial Markets now owns 1,525,116 shares of the utilities provider’s stock valued at $212,403,000 after purchasing an additional 1,287,325 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Atmos Energy by 146.2% during the 4th quarter. Bank of America Corp DE now owns 1,713,421 shares of the utilities provider’s stock worth $238,628,000 after purchasing an additional 1,017,575 shares during the period. Finally, Merewether Investment Management LP purchased a new position in shares of Atmos Energy in the 4th quarter worth about $47,817,000. Institutional investors own 90.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Atmos Energy from $148.00 to $163.00 and gave the stock a “neutral” rating in a report on Friday, May 16th. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on Atmos Energy from $164.00 to $166.00 and gave the company an “overweight” rating in a research note on Wednesday, April 16th. Barclays decreased their target price on Atmos Energy from $156.00 to $153.00 and set an “equal weight” rating for the company in a research report on Thursday, July 10th. Finally, Wolfe Research assumed coverage on Atmos Energy in a research report on Monday, March 31st. They set a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.95.

Read Our Latest Stock Report on Atmos Energy

Insider Buying and Selling

In other news, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $150.98, for a total value of $2,264,700.00. Following the transaction, the director owned 172,632 shares of the company’s stock, valued at approximately $26,063,979.36. This represents a 7.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.48% of the stock is currently owned by insiders.

Atmos Energy Stock Performance

Shares of ATO opened at $156.98 on Monday. Atmos Energy Corporation has a 52-week low of $125.25 and a 52-week high of $167.45. The stock’s 50-day simple moving average is $154.50 and its 200 day simple moving average is $151.70. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.25 and a current ratio of 1.33. The stock has a market capitalization of $24.93 billion, a price-to-earnings ratio of 21.80, a price-to-earnings-growth ratio of 2.95 and a beta of 0.70.

Atmos Energy (NYSE:ATO – Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. Atmos Energy had a return on equity of 9.05% and a net margin of 25.35%. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business posted $2.85 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. Research analysts forecast that Atmos Energy Corporation will post 7.18 EPS for the current fiscal year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Tuesday, May 27th were paid a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 2.22%. The ex-dividend date was Tuesday, May 27th. Atmos Energy’s dividend payout ratio is presently 48.33%.

Atmos Energy Profile

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