Atmos Energy (NYSE:ATO) Coverage Initiated by Analysts at Truist Financial

Truist Financial assumed coverage on shares of Atmos Energy (NYSE:ATO) in a report published on Tuesday morning, MarketBeat Ratings reports. The firm issued a hold rating and a $195.00 target price on the utilities provider’s stock.

Other analysts also recently issued research reports about the company. Barclays lifted their price target on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded Atmos Energy from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Thursday, April 16th. Morgan Stanley set a $192.00 target price on Atmos Energy in a research report on Friday, February 20th. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Citigroup boosted their target price on Atmos Energy from $163.00 to $182.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atmos Energy has a consensus rating of “Hold” and an average price target of $181.11.

Atmos Energy Stock Performance

Shares of ATO opened at $182.99 on Tuesday. The company has a market cap of $30.27 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 3.22 and a beta of 0.69. The company has a current ratio of 1.13, a quick ratio of 1.02 and a debt-to-equity ratio of 0.67. The stock has a 50-day moving average price of $184.59 and a 200-day moving average price of $176.18. Atmos Energy has a 12-month low of $149.98 and a 12-month high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.41 by $0.03. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.21 billion. Atmos Energy had a return on equity of 9.20% and a net margin of 25.67%.During the same quarter last year, the company posted $2.23 EPS. Atmos Energy has set its FY 2026 guidance at 8.150-8.350 EPS. As a group, equities analysts forecast that Atmos Energy will post 8.26 earnings per share for the current fiscal year.

Atmos Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, February 23rd were given a $1.00 dividend. The ex-dividend date was Monday, February 23rd. This represents a $4.00 dividend on an annualized basis and a yield of 2.2%. Atmos Energy’s payout ratio is presently 51.95%.

Institutional Trading of Atmos Energy

A number of hedge funds have recently bought and sold shares of the company. Root Financial Partners LLC bought a new stake in Atmos Energy in the third quarter valued at approximately $25,000. Garner Asset Management Corp bought a new stake in Atmos Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 73 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the fourth quarter valued at approximately $26,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Atmos Energy in the third quarter valued at approximately $29,000. Institutional investors own 90.17% of the company’s stock.

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.