FY2024 EPS Estimates for Atmos Energy Lifted by Analyst

Atmos Energy Co. (NYSE:ATO) – Analysts at Seaport Res Ptn lifted their FY2024 EPS estimates for shares of Atmos Energy in a report released 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 prior estimate of $6.76. The consensus estimate for Atmos Energy’s current full-year earnings is $6.79 per share.

A number of other research firms also recently commented on ATO. JPMorgan Chase & Co. increased their target price on shares of Atmos Energy from $134.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. LADENBURG THALM/SH SH increased their target price 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. Morgan Stanley raised their price objective 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. Finally, Wells Fargo & Company raised their price objective on shares of Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $143.94.

Atmos Energy Trading Down 0.6 %

NYSE ATO opened at $138.81 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.57. The firm’s fifty day moving average price is $137.10 and its 200 day moving average price is $125.77. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 20.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.68. Atmos Energy has a 12 month low of $106.69 and a 12 month high of $144.32.

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

Atmos Energy Dividend Announcement

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

Institutional Trading of Atmos Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. Innealta Capital LLC purchased a new stake in shares of Atmos Energy in the second quarter valued at about $37,000. GAMMA Investing LLC boosted its holdings in shares of Atmos Energy by 75.6% in the second quarter. GAMMA Investing LLC now owns 778 shares of the utilities provider’s stock valued at $91,000 after acquiring an additional 335 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Atmos Energy by 248.5% in the first quarter. Covestor Ltd now owns 805 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 574 shares in the last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Atmos Energy by 158.3% in the second quarter. First Horizon Advisors Inc. now owns 997 shares of the utilities provider’s stock valued at $116,000 after acquiring an additional 611 shares in the last quarter. Finally, Lummis Asset Management LP boosted its holdings in shares of Atmos Energy by 50.0% in the second quarter. Lummis Asset Management LP now owns 1,128 shares of the utilities provider’s stock valued at $132,000 after acquiring an additional 376 shares in the last quarter. Hedge funds and other institutional investors own 90.17% of the company’s stock.

About Atmos Energy

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.