Wells Fargo & Company upgraded shares of Atmos Energy (NYSE:ATO – Free Report) to a strong-buy rating in a research report released on Monday,Zacks.com reports.
Several other research firms have also recently issued reports on ATO. Wall Street Zen raised Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Truist Financial lowered their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research report on Monday, May 18th. Morgan Stanley set a $190.00 price target on Atmos Energy in a research report on Wednesday, June 24th. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. Finally, Argus reduced their target price on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $185.36.
Check Out Our Latest Stock Analysis on ATO
Atmos Energy Stock Performance
Atmos Energy (NYSE:ATO – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping the consensus estimate of $3.37 by $0.10. The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter in the previous year, the firm earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts predict that Atmos Energy will post 8.45 earnings per share for the current fiscal year.
Atmos Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Atmos Energy’s payout ratio is presently 49.14%.
Institutional Investors Weigh In On Atmos Energy
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ATO. Brighton Jones LLC purchased a new position in Atmos Energy during the fourth quarter worth $233,000. Integrated Wealth Concepts LLC lifted its holdings in shares of Atmos Energy by 10.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after acquiring an additional 308 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Atmos Energy by 8.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after purchasing an additional 1,331 shares during the period. Empowered Funds LLC grew its holdings in Atmos Energy by 8.5% during the 1st quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock valued at $482,000 after purchasing an additional 245 shares during the last quarter. Finally, Woodline Partners LP grew its holdings in Atmos Energy by 43.9% during the 1st quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock valued at $2,073,000 after purchasing an additional 4,088 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Company 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.
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