Atmos Energy (NYSE:ATO – Free Report) had its target price upped by Truist Financial from $187.00 to $188.00 in a report published on Friday morning,Benzinga reports. They currently have a hold rating on the utilities provider’s stock.
ATO has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. TD Cowen boosted their target price on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Mizuho lowered their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Finally, Wells Fargo & Company initiated coverage on Atmos Energy in a report on Monday, July 13th. They issued an “overweight” rating and a $200.00 price objective for the company. Four analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $186.42.
Read Our Latest Research Report on Atmos Energy
Atmos Energy Trading Down 0.1%
Atmos Energy (NYSE:ATO – Get Free Report) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. The business 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 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, sell-side analysts predict that Atmos Energy will post 8.45 EPS for the current year.
Atmos Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 26th. Atmos Energy’s payout ratio is presently 49.14%.
Institutional Investors Weigh In On Atmos Energy
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TABR Capital Management LLC purchased a new stake in Atmos Energy during the fourth quarter valued at approximately $1,096,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Atmos Energy in the 4th quarter valued at approximately $34,582,000. Swiss Life Asset Management Ltd boosted its holdings in shares of Atmos Energy by 133.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after purchasing an additional 22,784 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Atmos Energy by 12.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock valued at $30,853,000 after purchasing an additional 20,408 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Atmos Energy by 30.9% during the 4th quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after purchasing an additional 114,836 shares during the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.
About Atmos Energy
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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