Atmos Energy (NYSE:ATO) Updates FY 2022 Earnings Guidance

Atmos Energy (NYSE:ATOGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $5.50-$5.60 for the period, compared to the consensus EPS estimate of $5.50. The company issued revenue guidance of -.

A number of equities analysts have issued reports on the company. Morgan Stanley increased their price target on Atmos Energy from $139.00 to $140.00 and gave the stock an overweight rating in a research report on Tuesday, April 26th. StockNews.com assumed coverage on Atmos Energy in a research report on Thursday, March 31st. They set a sell rating on the stock. Wells Fargo & Company increased their price target on Atmos Energy from $120.00 to $130.00 in a research report on Thursday. Credit Suisse Group assumed coverage on Atmos Energy in a research report on Monday, April 25th. They set an outperform rating and a $133.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on Atmos Energy from $119.00 to $120.00 and gave the stock an overweight rating in a research report on Wednesday, January 19th. One research 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’s stock. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of Buy and a consensus price target of $122.25.

Shares of NYSE ATO traded down $1.27 during midday trading on Monday, hitting $113.63. The stock had a trading volume of 1,134,417 shares, compared to its average volume of 1,132,641. The company has a market capitalization of $15.39 billion, a PE ratio of 21.12, a P/E/G ratio of 2.86 and a beta of 0.48. The stock has a 50 day simple moving average of $116.69 and a 200-day simple moving average of $106.13. Atmos Energy has a 1 year low of $85.80 and a 1 year high of $122.96. The company has a quick ratio of 0.89, a current ratio of 1.10 and a debt-to-equity ratio of 0.64.

Atmos Energy (NYSE:ATOGet Rating) last released its earnings results on Wednesday, May 4th. The utilities provider reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.02. Atmos Energy had a return on equity of 8.80% and a net margin of 18.91%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the business posted $2.30 earnings per share. The business’s quarterly revenue was up 25.1% compared to the same quarter last year. As a group, analysts expect that Atmos Energy will post 5.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 6th. Investors of record on Monday, May 23rd will be issued a $0.68 dividend. The ex-dividend date is Friday, May 20th. This represents a $2.72 annualized dividend and a dividend yield of 2.39%. Atmos Energy’s dividend payout ratio is presently 50.56%.

In related news, VP Richard M. Thomas sold 950 shares of the stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $106.61, for a total value of $101,279.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Morgan Stanley increased its stake in Atmos Energy by 37.7% during the second quarter. Morgan Stanley now owns 911,744 shares of the utilities provider’s stock worth $87,627,000 after acquiring an additional 249,589 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Atmos Energy by 8.4% during the fourth quarter. Parametric Portfolio Associates LLC now owns 441,314 shares of the utilities provider’s stock worth $46,236,000 after acquiring an additional 34,289 shares during the last quarter. California State Teachers Retirement System increased its stake in Atmos Energy by 2.7% during the fourth quarter. California State Teachers Retirement System now owns 253,873 shares of the utilities provider’s stock worth $26,598,000 after acquiring an additional 6,752 shares during the last quarter. Sei Investments Co. increased its stake in Atmos Energy by 8.3% during the fourth quarter. Sei Investments Co. now owns 164,966 shares of the utilities provider’s stock worth $17,284,000 after acquiring an additional 12,609 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Atmos Energy by 68.4% during the fourth quarter. Stifel Financial Corp now owns 103,941 shares of the utilities provider’s stock worth $10,890,000 after acquiring an additional 42,221 shares during the last quarter. 87.44% of the stock is owned by institutional investors.

Atmos Energy Company Profile (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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