Atmos Energy (NYSE:ATO) Price Target Raised to $188.00 at Truist Financial

Atmos Energy (NYSE:ATO) had its price objective raised by Truist Financial from $187.00 to $188.00 in a research note published on Friday,Benzinga reports. The brokerage currently has a hold rating on the utilities provider’s stock.

ATO has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen lifted their price target on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Barclays decreased their price objective on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Weiss Ratings lowered Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Finally, Mizuho cut their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Atmos Energy has an average rating of “Hold” and a consensus target price of $186.42.

Atmos Energy Stock Down 0.3%

Shares of NYSE ATO opened at $177.57 on Friday. Atmos Energy has a one year low of $154.23 and a one year high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. The business’s fifty day moving average price is $174.02 and its 200-day moving average price is $177.35. The stock has a market capitalization of $29.64 billion, a PE ratio of 21.81, a P/E/G ratio of 3.09 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts anticipate that Atmos Energy will post 8.45 EPS for the current year.

Atmos Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Tuesday, May 26th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, May 26th. Atmos Energy’s dividend payout ratio is currently 49.14%.

Institutional Investors Weigh In On Atmos Energy

A number of large investors have recently made changes to their positions in ATO. Compound Planning Inc. raised its stake in Atmos Energy by 3.6% in the 4th quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock valued at $277,000 after purchasing an additional 58 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Atmos Energy by 3.9% in the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after purchasing an additional 60 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of Atmos Energy by 4.3% during the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock worth $254,000 after purchasing an additional 62 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Atmos Energy by 0.8% during the 1st quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after purchasing an additional 65 shares during the last quarter. Finally, Root Financial Partners LLC grew its holdings in shares of Atmos Energy by 39.1% during the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after buying an additional 66 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors.

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.