Atmos Energy (NYSE:ATO) Upgraded at Wall Street Zen

Key Points

• Atmos Energy was upgraded by Wall Street Zen from sell to hold. Other analysts remain mostly cautious, with the stock’s overall consensus rating sitting at Hold.
• The company beat fiscal Q3 earnings expectations, reporting $3.47 EPS versus the $3.37 estimate, and revenue of $1.96 billion versus the $1.94 billion forecast.
• Atmos Energy shares were trading at $180.96, near their recent range, with analysts’ average price target at $182.11. The utility also guided FY 2026 EPS at 8.40 to 8.50.

Atmos Energy (NYSE:ATO - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Sunday.

Several other research analysts have also weighed in on the company. Citigroup increased their target price on Atmos Energy from $182.00 to $191.00 and gave the stock a "neutral" rating in a research report on Friday. Barclays increased their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded Atmos Energy from a "buy (a-)" rating to a "buy (b+)" rating in a report on Thursday. Morgan Stanley decreased their price target on shares of Atmos Energy from $197.00 to $195.00 and set an "equal weight" rating for the company in a report on Tuesday, April 21st. Finally, Truist Financial initiated coverage on Atmos Energy in a research report on Tuesday, April 21st. They set a "hold" rating and a $195.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $182.11.

Atmos Energy Price Performance

Shares of NYSE:ATO opened at $180.96 on Friday. The business has a fifty day simple moving average of $185.86 and a 200-day simple moving average of $176.87. Atmos Energy has a 52 week low of $149.98 and a 52 week high of $192.51. The company has a market cap of $30.21 billion, a P/E ratio of 22.23, a P/E/G ratio of 3.12 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.65.

Atmos Energy (NYSE:ATO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.37 by $0.10. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period last year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities research analysts forecast that Atmos Energy will post 8.3 EPS for the current year.

Institutional Investors Weigh In On Atmos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of ATO. SG Americas Securities LLC lifted its holdings in shares of Atmos Energy by 206.8% in the third quarter. SG Americas Securities LLC now owns 26,925 shares of the utilities provider's stock valued at $4,597,000 after buying an additional 18,148 shares during the period. Allstate Corp acquired a new position in Atmos Energy during the third quarter worth about $961,000. Oregon Public Employees Retirement Fund raised its position in Atmos Energy by 33.8% in the third quarter. Oregon Public Employees Retirement Fund now owns 18,332 shares of the utilities provider's stock worth $3,130,000 after acquiring an additional 4,636 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in Atmos Energy by 133.1% in the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider's stock worth $6,814,000 after acquiring an additional 22,784 shares in the last quarter. Finally, TABR Capital Management LLC acquired a new stake in Atmos Energy in the 4th quarter valued at about $1,096,000. 90.17% of the stock is currently owned by institutional investors.

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.

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