Atmos Energy Corporation (ATO) To Go Ex-Dividend on August 24th

Atmos Energy Corporation (NYSE:ATO) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 24th will be given a dividend of 1.00 per share by the utilities provider on Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Monday, August 24th.

Atmos Energy has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 41 consecutive years. Atmos Energy has a payout ratio of 51.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Atmos Energy to earn $9.01 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 44.4%.

Atmos Energy Trading Down 2.0%

Shares of ATO opened at $167.16 on Friday. The stock has a market capitalization of $28.25 billion, a PE ratio of 19.88, a P/E/G ratio of 2.95 and a beta of 0.60. The company’s fifty day moving average is $173.57 and its 200 day moving average is $178.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.73 and a current ratio of 0.81. Atmos Energy has a fifty-two week low of $160.10 and a fifty-two week high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 5th. The utilities provider reported $1.43 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.08. The business had revenue of $879.06 million during the quarter, compared to analysts’ expectations of $900.82 million. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. During the same period last year, the company posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Sell-side analysts expect that Atmos Energy will post 8.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ATO. Citigroup raised their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings downgraded Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. TD Cowen increased their price target on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Wall Street Zen downgraded Atmos Energy from a “hold” rating to a “sell” rating in a research report on Monday, August 3rd. Finally, Mizuho dropped 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 note on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $187.73.

About Atmos Energy

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.