Atmos Energy (NYSE:ATO) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Atmos Energy (NYSE:ATO) from a sell rating to a hold rating in a report issued on Sunday.

Other equities analysts have also recently issued research reports about the company. Mizuho decreased their price objective on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Wells Fargo & Company started coverage on Atmos Energy in a report on Monday, July 13th. They set an “overweight” rating and a $200.00 target price on the stock. Argus reduced their price target on Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Barclays decreased their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating for the company in a report on Tuesday, July 14th. Finally, Morgan Stanley set a $196.00 price objective on shares of Atmos Energy in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $186.92.

Atmos Energy Stock Up 0.0%

ATO stock opened at $179.24 on Friday. The company has a market capitalization of $29.92 billion, a P/E ratio of 22.02, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. Atmos Energy has a 12 month low of $154.23 and a 12 month high of $192.51. The firm’s fifty day simple moving average is $173.76 and its 200-day simple moving average is $177.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The firm had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts forecast that Atmos Energy will post 8.44 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently announced 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. The ex-dividend date was Tuesday, May 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.2%. Atmos Energy’s dividend payout ratio (DPR) is 49.14%.

Hedge Funds Weigh In On Atmos Energy

A number of large investors have recently bought and sold shares of the business. Garner Asset Management Corp purchased a new position in Atmos Energy during the fourth quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its stake in shares of Atmos Energy by 85.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of Atmos Energy during the 4th quarter valued at approximately $26,000. Elevation Wealth Partners LLC lifted its position in shares of Atmos Energy by 627.3% during the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after buying an additional 138 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares during the period. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.