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NYSE:ATO

Atmos Energy (ATO) Stock Price, News & Analysis

$115.44
+0.66 (+0.58%)
(As of 06/10/2024 ET)
Today's Range
$114.45
$115.59
50-Day Range
$111.34
$120.59
52-Week Range
$101.00
$125.28
Volume
1.06 million shs
Average Volume
905,320 shs
Market Capitalization
$17.42 billion
P/E Ratio
17.31
Dividend Yield
2.79%
Price Target
$129.17

Atmos Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.9% Upside
$129.17 Price Target
Short Interest
Bearish
2.86% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-9.39
Upright™ Environmental Score
News Sentiment
1.30mentions of Atmos Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.79 M Sold Last Quarter
Proj. Earnings Growth
4.89%
From $6.75 to $7.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.40 out of 5 stars

Utilities Sector

14th out of 87 stocks

Natural Gas Distribution Industry

2nd out of 11 stocks

ATO stock logo

About Atmos Energy Stock (NYSE:ATO)

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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers; and owned 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,645 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.

ATO Stock Price History

ATO Stock News Headlines

Wells Fargo Keeps Their Hold Rating on Atmos Energy (ATO)
Q2 2024 Atmos Energy Corp Earnings Call
What Wall Street expects from Atmos Energy's earnings
Atmos Energy: Slow And Steady Can Win The Race
See More Headlines
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Company Calendar

Last Earnings
5/08/2024
Ex-Dividend for 6/10 Dividend
5/24/2024
Today
6/10/2024
Dividend Payable
6/10/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Natural gas distribution
Sub-Industry
Gas Utilities
CUSIP
04956010
Employees
5,019
Year Founded
1906

Price Target and Rating

Average Stock Price Target
$129.17
High Stock Price Target
$138.00
Low Stock Price Target
$122.00
Potential Upside/Downside
+11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$885.86 million
Pretax Margin
28.81%

Debt

Sales & Book Value

Annual Sales
$4.28 billion
Cash Flow
$10.12 per share
Book Value
$73.22 per share

Miscellaneous

Free Float
150,123,000
Market Cap
$17.42 billion
Optionable
Optionable
Beta
0.67

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Key Executives

Should I Buy Atmos Energy Stock? ATO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Atmos Energy Co.:

  • Atmos Energy Co. has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of increasing dividends, providing investors with a reliable income stream.
  • Recent regulatory approvals have allowed Atmos Energy Co. to expand its operations, potentially leading to increased profitability.
  • Analysts have a positive outlook on the stock, with many recommending it as a buy, suggesting potential price appreciation.
  • Atmos Energy Co.'s current stock price is trading at an attractive valuation compared to its industry peers, offering a potential value opportunity for investors.

Cons

Investors should be bearish about investing in Atmos Energy Co. for these reasons:

  • There is a level of regulatory risk associated with investing in utility companies like Atmos Energy Co., as changes in regulations could impact the company's operations and profitability.
  • Fluctuations in natural gas prices can affect Atmos Energy Co.'s financial performance, potentially leading to earnings volatility.
  • Competitive pressures within the industry could impact Atmos Energy Co.'s market share and margins, affecting its long-term growth prospects.
  • Environmental concerns and increasing focus on renewable energy sources may pose challenges to Atmos Energy Co.'s traditional business model.
  • Economic downturns or adverse market conditions could impact consumer demand for natural gas services, affecting Atmos Energy Co.'s revenue and earnings.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Atmos Energy pros and cons to contact@marketbeat.com.

ATO Stock Analysis - Frequently Asked Questions

Should I buy or sell Atmos Energy stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atmos Energy in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" ATO shares.
View ATO analyst ratings
or view top-rated stocks.

What is Atmos Energy's stock price target for 2024?

6 Wall Street research analysts have issued 12 month price objectives for Atmos Energy's stock. Their ATO share price targets range from $122.00 to $138.00. On average, they predict the company's share price to reach $129.17 in the next year. This suggests a possible upside of 11.9% from the stock's current price.
View analysts price targets for ATO
or view top-rated stocks among Wall Street analysts.

How have ATO shares performed in 2024?

Atmos Energy's stock was trading at $115.90 on January 1st, 2024. Since then, ATO shares have decreased by 0.4% and is now trading at $115.44.
View the best growth stocks for 2024 here
.

Are investors shorting Atmos Energy?

Atmos Energy saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,310,000 shares, an increase of 13.1% from the April 30th total of 3,810,000 shares. Based on an average trading volume of 918,700 shares, the days-to-cover ratio is presently 4.7 days.
View Atmos Energy's Short Interest
.

When is Atmos Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our ATO earnings forecast
.

How were Atmos Energy's earnings last quarter?

Atmos Energy Co. (NYSE:ATO) posted its earnings results on Wednesday, May, 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.62 by $0.23. The utilities provider earned $1.65 billion during the quarter, compared to analysts' expectations of $1.54 billion. Atmos Energy had a net margin of 24.65% and a trailing twelve-month return on equity of 9.01%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.48 earnings per share.
Read the conference call transcript
.

How often does Atmos Energy pay dividends? What is the dividend yield for Atmos Energy?

Atmos Energy announced a quarterly dividend on Wednesday, May 8th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.805 per share on Monday, June 10th. This represents a $3.22 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date is Friday, May 24th.
Read our dividend analysis for ATO
.

Is Atmos Energy a good dividend stock?

Atmos Energy (NYSE:ATO) pays an annual dividend of $3.22 per share and currently has a dividend yield of 2.81%. The dividend payout ratio is 48.28%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATO will have a dividend payout ratio of 45.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATO.

What guidance has Atmos Energy issued on next quarter's earnings?

Atmos Energy issued an update on its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 6.700-6.800 for the period, compared to the consensus EPS estimate of 6.600. The company issued revenue guidance of -.

What is Kim R. Cocklin's approval rating as Atmos Energy's CEO?

70 employees have rated Atmos Energy Chief Executive Officer Kim R. Cocklin on Glassdoor.com. Kim R. Cocklin has an approval rating of 91% among the company's employees. This puts Kim R. Cocklin in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Atmos Energy own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Atmos Energy investors own include Johnson & Johnson (JNJ), AT&T (T), Procter & Gamble (PG), Chevron (CVX), Abbott Laboratories (ABT), Cisco Systems (CSCO), AbbVie (ABBV), Pfizer (PFE), Walmart (WMT) and McDonald's (MCD).

Who are Atmos Energy's major shareholders?

Atmos Energy's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (12.91%), ProShare Advisors LLC (1.04%), Perpetual Ltd (0.94%), Price T Rowe Associates Inc. MD (0.82%), Sfmg LLC (0.70%) and Silvercrest Asset Management Group LLC (0.63%). Insiders that own company stock include Christopher T Forsythe, Diana J Walters, J Matt Robbins, Kim R Cocklin and Richard M Thomas.
View institutional ownership trends
.

How do I buy shares of Atmos Energy?

Shares of ATO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ATO) was last updated on 6/11/2024 by MarketBeat.com Staff

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