Argus Lowers Atmos Energy (NYSE:ATO) Price Target to $185.00

Atmos Energy (NYSE:ATO) had its price target lowered by stock analysts at Argus from $190.00 to $185.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Argus’ target price points to a potential upside of 6.85% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, June 2nd. TD Cowen upped their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Barclays increased their price target on Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Mizuho cut their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a report on Friday, May 29th. Finally, Morgan Stanley set a $190.00 price objective on Atmos Energy in a research report on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, Atmos Energy currently has an average rating of “Hold” and a consensus target price of $183.90.

Atmos Energy Stock Up 0.5%

ATO stock opened at $173.15 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89. Atmos Energy has a 1-year low of $149.98 and a 1-year high of $192.51. The firm has a fifty day moving average price of $176.04 and a two-hundred day moving average price of $176.71. The firm has a market cap of $28.90 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.99 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy will post 8.46 EPS for the current year.

Institutional Investors Weigh In On Atmos Energy

Several large investors have recently made changes to their positions in the company. TABR Capital Management LLC acquired a new position in Atmos Energy during the 4th quarter valued at about $1,096,000. Swiss Life Asset Management Ltd raised its position in shares of Atmos Energy by 133.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after buying an additional 22,784 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Atmos Energy in the 4th quarter worth approximately $34,582,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Atmos Energy by 12.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock worth $30,853,000 after acquiring an additional 20,408 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Atmos Energy by 30.9% in the fourth quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after acquiring an additional 114,836 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

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.