FY2024 EPS Estimates for Atmos Energy Lifted by Analyst

Atmos Energy Co. (NYSE:ATO) – Equities research analysts at Seaport Res Ptn upped their FY2024 EPS estimates for Atmos Energy in a research report issued on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings per share of $6.78 for the year, up from their previous forecast of $6.76. The consensus estimate for Atmos Energy’s current full-year earnings is $6.79 per share.

A number of other equities analysts have also recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Atmos Energy from $128.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. LADENBURG THALM/SH SH boosted their price objective on shares of Atmos Energy from $144.00 to $150.50 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Jefferies Financial Group started coverage on shares of Atmos Energy in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 price objective for the company. Barclays boosted their price objective on shares of Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Finally, StockNews.com lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $143.94.

Atmos Energy Stock Performance

Shares of ATO opened at $138.81 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a market cap of $21.55 billion, a P/E ratio of 20.38, a PEG ratio of 2.79 and a beta of 0.68. The company has a 50-day moving average of $137.10 and a two-hundred day moving average of $125.77. Atmos Energy has a 12-month low of $106.69 and a 12-month high of $144.32.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The firm had revenue of $701.55 million during the quarter, compared to analysts’ expectations of $924.75 million. Atmos Energy had a net margin of 25.09% and a return on equity of 8.94%. During the same quarter last year, the business earned $0.94 earnings per share.

Atmos Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a $0.805 dividend. The ex-dividend date was Monday, August 26th. This represents a $3.22 dividend on an annualized basis and a yield of 2.32%. Atmos Energy’s payout ratio is 47.28%.

Institutional Investors Weigh In On Atmos Energy

A number of institutional investors have recently bought and sold shares of ATO. Innealta Capital LLC purchased a new stake in Atmos Energy in the second quarter valued at approximately $37,000. GAMMA Investing LLC grew its stake in Atmos Energy by 75.6% during the second quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock worth $91,000 after buying an additional 335 shares during the period. Covestor Ltd grew its stake in Atmos Energy by 248.5% during the first quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock worth $96,000 after buying an additional 574 shares during the period. First Horizon Advisors Inc. grew its stake in Atmos Energy by 158.3% during the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock worth $116,000 after buying an additional 611 shares during the period. Finally, Lummis Asset Management LP grew its stake in Atmos Energy by 50.0% during the second quarter. Lummis Asset Management LP now owns 1,128 shares of the utilities provider’s stock worth $132,000 after buying an additional 376 shares during the period. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.