According to Zacks, “Shares of Atmos Energy Corporation have outperformed its industry in the past 12 months. Atmos Energy is poised to gain from its long-term capital expenditure outlay planned for the next five years. Improvement in economic conditions coupled with the ongoing increase in residential and transportation customers are likely to boost demand for natural gas, and improve results. However, the mishap in the company’s Northwest Dallas operation is a stark reminder of the fact that distributing, transporting and storing natural gas involve risks. Rising competition from alternate energy sources and electricity can lower demand for natural gas. Dependence on a single state for bulk of its revenues exposes it to vagaries of weather, and economic conditions of that state. “
Separately, Argus reiterated a buy rating and set a $101.00 price target on shares of Atmos Energy in a research note on Monday, December 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $102.00.
ATO stock opened at $99.18 on Wednesday. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 3.55 and a beta of 0.27. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.63 and a quick ratio of 0.53. Atmos Energy has a 52-week low of $83.55 and a 52-week high of $104.07.
Atmos Energy (NYSE:ATO) last released its quarterly earnings results on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.05. The business had revenue of $877.78 million during the quarter, compared to the consensus estimate of $969.71 million. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.40 EPS. On average, analysts forecast that Atmos Energy will post 4.3 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Gulf International Bank UK Ltd lifted its position in shares of Atmos Energy by 4.9% during the 1st quarter. Gulf International Bank UK Ltd now owns 27,683 shares of the utilities provider’s stock worth $2,849,000 after buying an additional 1,300 shares in the last quarter. IFM Investors Pty Ltd lifted its position in shares of Atmos Energy by 58.8% during the 1st quarter. IFM Investors Pty Ltd now owns 8,356 shares of the utilities provider’s stock worth $860,000 after buying an additional 3,094 shares in the last quarter. Ronna Sue Cohen lifted its position in shares of Atmos Energy by 10,247.3% during the 1st quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock worth $752,000 after buying an additional 745,079 shares in the last quarter. BTIM Corp. lifted its position in shares of Atmos Energy by 4.0% during the 1st quarter. BTIM Corp. now owns 106,344 shares of the utilities provider’s stock worth $10,946,000 after buying an additional 4,045 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Atmos Energy during the 1st quarter worth approximately $2,794,000. Institutional investors and hedge funds own 79.40% of the company’s stock.
Atmos Energy Company Profile
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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