Atmos Energy (NYSE:ATO) Announces Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Atmos Energy (NYSE:ATOGet Rating) issued its quarterly earnings data on Wednesday. The utilities provider reported $2.37 EPS for the quarter, beating the consensus estimate of $2.35 by $0.02, MarketWatch Earnings reports. The company had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Atmos Energy had a net margin of 18.91% and a return on equity of 9.08%. Atmos Energy’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.30 earnings per share. Atmos Energy updated its FY22 guidance to $5.50-5.60 EPS.

Shares of ATO traded down $0.14 during trading hours on Friday, reaching $114.90. 1,356,518 shares of the company traded hands, compared to its average volume of 913,706. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.67. Atmos Energy has a 12 month low of $85.80 and a 12 month high of $122.96. The company has a market capitalization of $15.56 billion, a price-to-earnings ratio of 21.36, a price-to-earnings-growth ratio of 2.88 and a beta of 0.48. The company’s fifty day moving average price is $116.69 and its two-hundred day moving average price is $105.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 6th. Stockholders of record on Monday, May 23rd will be given a $0.68 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.37%. Atmos Energy’s dividend payout ratio is currently 50.56%.

Several brokerages recently commented on ATO. Wells Fargo & Company boosted their price objective on shares of Atmos Energy from $120.00 to $130.00 in a research note on Thursday. Barclays upped their target price on Atmos Energy from $101.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Friday, March 25th. Mizuho upped their target price on Atmos Energy from $119.00 to $131.00 in a research note on Friday, April 29th. Morgan Stanley increased their price target on shares of Atmos Energy from $139.00 to $140.00 and gave the stock an “overweight” rating in a report on Tuesday, April 26th. Finally, StockNews.com assumed coverage on shares of Atmos Energy in a report on Thursday, March 31st. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $122.25.

In related news, VP Richard M. Thomas sold 950 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $106.61, for a total transaction of $101,279.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Colony Group LLC purchased a new stake in Atmos Energy during the 4th quarter valued at about $217,000. MML Investors Services LLC lifted its stake in shares of Atmos Energy by 8.1% in the fourth quarter. MML Investors Services LLC now owns 3,275 shares of the utilities provider’s stock worth $343,000 after buying an additional 246 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Atmos Energy during the fourth quarter valued at approximately $593,000. Toroso Investments LLC increased its position in shares of Atmos Energy by 7.6% during the fourth quarter. Toroso Investments LLC now owns 13,253 shares of the utilities provider’s stock valued at $1,389,000 after acquiring an additional 932 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Atmos Energy in the 3rd quarter worth approximately $1,450,000. Institutional investors own 87.44% of the company’s stock.

About Atmos Energy (Get Rating)

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.

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Earnings History for Atmos Energy (NYSE:ATO)

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