Geode Capital Management Adds $21M in Atmos Energy Corporation ($ATO)

Geode Capital Management has boosted its stake in Atmos Energy Corporation (NYSE:ATO) by 122,011 shares, according to a recent filing. This increase brings Geode's total holdings to 4,336,996 shares, valued at approximately $735.7 million as of the latest filing period.

What Changed in Geode Capital Management's Atmos Energy Position

Geode Capital Management's recent filing shows an increase in its Atmos Energy holdings by 122,011 shares, moving from 4,214,985 shares to 4,336,996 shares. This represents a 2.89% increase in their stake, now valued at about $735.7 million.

Other Institutional Activity in Atmos Energy

Institutional investors have also been active in Atmos Energy. BlackRock, Inc. grew its holdings by 428,484 shares, ending with 17,451,963 shares worth about $3.22 billion. State Street Corp added 586,392 shares, bringing its total to 11,372,750 shares valued at $2.1 billion. On the other hand, Wellington Management Group LLP reduced its position by 359,036 shares, leaving it with 9,651,472 shares valued at $1.78 billion. Capital International Investors significantly cut its stake by 4,567,048 shares, now holding 7,326,778 shares worth approximately $1.35 billion.

Atmos Energy Stock Snapshot

Shares of Atmos Energy (NYSE:ATO) recently traded near $169.64. The company has a market cap of $28.3 billion, a P/E ratio of 20.87, and a forward P/E of 18.91. With a beta of 0.601, the stock has experienced a 52-week low of $149.98 and a high of $192.51. The stock's 50-day moving average is $179.45, while the 200-day moving average is $175.22.

Recent Earnings

Atmos Energy reported revenue of $4.88 billion, with a slight revenue growth of 0.6%. The company achieved a net margin of 27.58% and a return on equity of 9.6%. Earnings per share (EPS) stood at $8.13. The next earnings report is expected on August 5, 2026.

Dividend

Atmos Energy pays an annual dividend of $4.00 per share, yielding 2.36%. The dividend payout ratio is 46.06%.

Insider Buying and Selling at Atmos Energy Corporation

There has been notable insider activity at Atmos Energy. On May 2, 2026, CEO John Akers sold 6,235 shares, while also purchasing 16,850 shares at an average price of $189.74 per share. Additionally, CFO Christopher Forsythe bought 3,970 shares at the same price. Senior VP Matt Robbins made a purchase of 2,815 shares.

Analysts Set New Price Targets

On May 29, 2026, Mizuho maintained its hold rating on Atmos Energy, setting a price target of $184. Truist Securities also maintained a hold rating with a target of $187 on May 18, 2026. TD Cowen, on May 15, 2026, kept a hold rating and set a target price of $196. The consensus among analysts is a hold rating, with a mean target price of $186.18 based on 11 opinions.

About Atmos Energy Corporation

Atmos Energy Corporation, headquartered in Dallas, Texas, is a leading regulated natural gas utility company in the United States. It operates through two segments: Distribution and Pipeline and Storage. The Distribution segment provides natural gas to approximately 3.4 million customers across eight states, while the Pipeline and Storage segment manages extensive pipeline operations and storage facilities. Led by CEO John Kevin Akers, the company employs over 5,487 people.

Bottom Line

Geode Capital Management's increased stake in Atmos Energy highlights continued institutional interest in the utility company. Atmos Energy's consistent performance, stable dividend, and strategic operations in the regulated gas sector make it a closely watched stock. It's important to remember that 13F filings are backward-looking and may not reflect current positions.