Miller Howard Investments 13F: Cuts ATO Stake by $948K
Key Points
- Miller Howard Investments reduced its holdings in Atmos Energy by 6,061 shares, a 10.96% decrease, and now holds 49,216 shares.
- The stock recently traded around $171.29, about equal to its closing price on the filing date.
- Other funds like MBL Wealth and Lpl Financial have also been active, with MBL Wealth opening a new position and Lpl Financial increasing its stake.
Get Atmos Energy text alerts
We text you when insiders, Congress, analysts or big funds move on $ATO.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Atmos Energy Corporation alert may contain errors. Disclosures
On October 26, 2026, Miller Howard Investments cut its stake in Atmos Energy Corporation (ATO) by 6,061 shares, bringing its total holdings to 49,216 shares valued at approximately $7.7 million. This information comes from the fund's latest Form 13F filing with the SEC.
ATO
Atmos Energy Corporation
What Changed in Miller Howard Investments' Atmos Energy Position
Miller Howard Investments reduced its position in Atmos Energy by 6,061 shares, marking a 10.96% decrease. The reported value of this stake is now about $7,699,335, and the fund ranks 22nd among its total 159 positions.
Other Institutional Activity in Atmos Energy
MBL Wealth opened a new position in Atmos Energy, acquiring 5,637 shares valued at about $881,853. Meanwhile, Lpl Financial increased its holdings by 19,622 shares, raising its total to 194,277 shares worth approximately $33.5 million.
Atmos Energy Corporation Stock Down 0.5%
Atmos Energy shares recently traded around $171.29, which is about equal to the closing price on October 26, 2026. The stock is currently above its 50-day moving average by 4.4% but below its 200-day average by 1.7%. It remains 11% below its 52-week high of $192.51.
Recent Earnings
Atmos Energy's trailing twelve-month revenue is approximately $4.92 billion, with an EPS of $8.39. The next earnings report is expected on November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
2 target raises vs 1 cuts.
-
EPS & revenue
EPS beat estimates by 1.1%. Revenue missed estimates by 7.5%.
-
Profit surprise
EBITDA beat by 6 percent. Operating income beat by 5 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
2 target raises, 1 target cut.
-
Earnings quality
Gross margin down 2.0 points. Operating margin up 6.7 points. Positive free cash flow.
Earnings Call Summary
Atmos earned $2.44 per share in the first quarter, up 9.4 percent from last year, beating consensus on earnings. The company benefited from 35 million dollars in impacts from Texas House Bill 4384 and much wider natural gas spreads at its pipeline business. Winter Storm Fern tested the system but caused minimal supply problems because upstream storage worked well. The company added nearly 54,000 new customers over the past year, mainly in Texas, and continues to see strong industrial and data center interest.
Guidance Atmos reaffirmed its full year earnings guidance of $8.15 to $8.35 per share. The company expects to complete 4.2 billion dollars in capital spending this year focused mainly on safety and system modernization. Management said there was no change to the long-term plan despite a recent rate case outcome in Mississippi.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Atmos Energy Corporation
On December 3, 2025, Director Sean Donohue sold 450 shares at an average price of $171.15, totaling about $77,018. Earlier, on August 11, 2026, Director William J Ware bought 300 shares at an average price of $167.59, valued at approximately $50,278.
Analysts Set New Price Targets
On October 21, 2026, Morgan Stanley maintained its Equal-Weight rating on Atmos Energy with a price target of $182.00. Jefferies also maintained a Hold rating with a target of $167.00 on October 1, 2026. The consensus recommendation for the stock is currently a Hold with a mean price target of $182.45.
About Atmos Energy
Atmos Energy Corporation is involved in the regulated distribution of natural gas and related services across eight states in the U.S. This recent cut in holdings by Miller Howard Investments may reflect changing views on the utility sector's outlook.
Bottom Line
Investors will be looking for further developments in Atmos Energy's stock performance and upcoming earnings on November 4, 2026. Miller Howard Investments' move to cut its stake could suggest a reevaluation of the stock's potential in its portfolio.
Related Filing Alerts
Source: Miller Howard Investments's 13F filing on $ATO (Oct 26, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts