Atmos Energy Corporation (NYSE:ATO) Stock Has Average Price Target of $183.00 According to Brokerages

Shares of Atmos Energy Corporation (NYSE:ATO) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $183.27.

A number of analysts have recently commented on the stock. Truist Financial dropped their target price on shares of Atmos Energy from $179.00 to $174.00 and set a “hold” rating on the stock in a report on Thursday, October 15th. Wells Fargo & Company started coverage on shares of Atmos Energy in a research note on Monday, July 13th. They set an “overweight” rating and a $200.00 target price for the company. Barclays cut their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 14th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $180.00 price target (down from $198.00) on shares of Atmos Energy in a research note on Friday, September 11th. Finally, Jefferies Financial Group reduced their price objective on Atmos Energy from $173.00 to $167.00 and set a “hold” rating for the company in a research report on Thursday, October 1st.

Atmos Energy Trading Up 4.2%

ATO opened at $173.98 on Tuesday. The stock has a market cap of $29.40 billion, a PE ratio of 19.88, a PEG ratio of 2.70 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. The business has a 50 day moving average of $163.99 and a 200-day moving average of $172.55. Atmos Energy has a 52 week low of $154.72 and a 52 week high of $192.51.

Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%. During the same period in the previous year, the company posted $1.16 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts predict that Atmos Energy will post 8.47 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 8th. Stockholders of record on Monday, August 24th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, August 24th. Atmos Energy’s dividend payout ratio is currently 47.62%.

Insider Activity at Atmos Energy

In related news, Director William Ware purchased 300 shares of Atmos Energy stock in a transaction dated Tuesday, August 11th. The stock was purchased at an average cost of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the acquisition, the director directly owned 488 shares of the company’s stock, valued at $81,783.92. The trade was a 159.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.43% of the company’s stock.

Institutional Trading of Atmos Energy

Several institutional investors have recently bought and sold shares of ATO. BlackRock Inc. bought a new stake in Atmos Energy during the 2nd quarter valued at about $2,624,975,000. Bank of America Corp DE increased its position in shares of Atmos Energy by 11.0% during the first quarter. Bank of America Corp DE now owns 4,199,433 shares of the utilities provider’s stock valued at $775,719,000 after acquiring an additional 416,933 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Atmos Energy during the second quarter valued at approximately $431,677,000. Amundi increased its position in shares of Atmos Energy by 40.0% during the second quarter. Amundi now owns 1,823,714 shares of the utilities provider’s stock valued at $314,171,000 after acquiring an additional 520,828 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in Atmos Energy in the 2nd quarter worth approximately $276,558,000. 90.17% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Company Profile

Atmos Energy Corporation (NYSE:ATO) is a regulated natural gas utility that distributes natural gas to residential, commercial, industrial and agricultural customers. The company also operates natural gas pipeline and storage assets, supporting the transportation and management of gas within its service areas.

Atmos Energy serves more than 3 million distribution customers across eight states, including Texas, Louisiana, Mississippi, Tennessee, Kentucky, Virginia, Kansas and Colorado. Its distribution operations include a large network of natural gas pipelines and related infrastructure, while its pipeline and storage business provides transportation and storage services primarily in Texas and Mississippi.

The company traces its history to 1906 and is headquartered in Dallas, Texas.