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Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
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Stock ideas from the 2024 Microcap Conference
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How major US stock indexes fared Friday, 2/23/2024
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In his annual letter, Warren Buffett tells investors to ignore Wall Street pundits
MarketBeat Week in Review – 2/19 - 2/23
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Mark Zuckerberg Is Sitting on a Huge Stockpile of AI Chips as Companies Compete for Limited Supplies
NYSE:ATO

Atmos Energy (ATO) Stock Price, News & Analysis

$112.76
-0.62 (-0.55%)
(As of 02/23/2024 ET)
Today's Range
$112.74
$114.03
50-Day Range
$110.89
$118.85
52-Week Range
$101.00
$125.28
Volume
733,077 shs
Average Volume
787,973 shs
Market Capitalization
$17.01 billion
P/E Ratio
17.90
Dividend Yield
2.86%
Price Target
$123.20

Atmos Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
9.2% Upside
$123.20 Price Target
Short Interest
Healthy
2.44% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.39
Upright™ Environmental Score
News Sentiment
0.97mentions of Atmos Energy in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.54%
From $6.57 to $7.00 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.

3.96 out of 5 stars

Utilities Sector

38th out of 88 stocks

Natural Gas Distribution Industry

3rd out of 12 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

ATO Feb 2024 120.000 call
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Atmos Energy Corp.
Atmos Energy Corp ATO
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q1 2024 Atmos Energy Corp Earnings Call
Recap: Atmos Energy Q1 Earnings
Atmos Energy Declares Regular Quarterly Dividend
Atmos Energy Corporation Bottom Line Advances In Q1, Beats estimates
Atmos Energy declares $0.805 dividend
Atmos Energy's first-quarter profit climbs on lower costs
Atmos Energy's Earnings Outlook
See More Headlines
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Company Calendar

Ex-Dividend for 12/11 Dividend
11/24/2023
Dividend Payable
12/11/2023
Last Earnings
2/07/2024
Ex-Dividend for 3/11 Dividend
2/23/2024
Today
2/24/2024
Dividend Payable
3/11/2024
Next Earnings (Estimated)
5/01/2024
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
$123.20
High Stock Price Target
$133.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+9.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$885.86 million
Pretax Margin
26.82%

Debt

Sales & Book Value

Annual Sales
$4.28 billion
Cash Flow
$9.93 per share
Book Value
$74.74 per share

Miscellaneous

Free Float
150,086,000
Market Cap
$17.01 billion
Optionable
Optionable
Beta
0.67

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Key Executives

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Atmos Energy was last updated on Tuesday, February 20, 2024 at 3:53 PM.

Pros

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

  • Atmos Energy Co. has a stable dividend policy, with a recent increase in quarterly dividend from $0.74 to $0.805, indicating a commitment to rewarding shareholders with consistent payouts.
  • Recent insider transactions show confidence in the company's performance, with VP Richard M. Thomas purchasing shares at an average price of $114.20, suggesting positive sentiment within the company.
  • Atmos Energy Co. reported earnings per share of $0.80 for the quarter, surpassing analyst estimates by $0.06, demonstrating strong financial performance and potential for growth.
  • The company has a solid track record of revenue generation, with $587.64 million reported during the last quarter, showcasing stability and resilience in its operations.
  • Atmos Energy Co. has a market capitalization of $17.27 billion, indicating a sizable presence in the market and potential for long-term growth and stability.

Cons

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

  • The company's revenue was down 18.7% compared to the same quarter last year, signaling a potential challenge in revenue growth and a need for strategic adjustments in operations.
  • Atmos Energy Co. has a debt-to-equity ratio of 0.61, which may indicate higher financial leverage and potential risks associated with servicing debt obligations.
  • The stock price has shown minimal movement, with a 52-week low of $101.00 and a 52-week high of $125.28, suggesting limited short-term price appreciation potential.
  • The company's payout ratio is currently 52.53%, which may raise concerns about sustainability of dividend payments at the current level in case of adverse financial conditions.
  • Analysts forecast an EPS of 6.57 for the current fiscal year, which, if not met, could lead to market disappointment and potential negative impact on stock performance.














ATO Stock Analysis - Frequently Asked Questions

Should I buy or sell Atmos Energy stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atmos Energy in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research 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?

5 Wall Street analysts have issued 12 month price objectives for Atmos Energy's stock. Their ATO share price targets range from $110.00 to $133.00. On average, they expect the company's stock price to reach $123.20 in the next twelve months. This suggests a possible upside of 9.2% 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 at the beginning of 2024. Since then, ATO stock has decreased by 2.7% and is now trading at $112.78.
View the best growth stocks for 2024 here
.

When is Atmos Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ATO earnings forecast
.

How were Atmos Energy's earnings last quarter?

Atmos Energy Co. (NYSE:ATO) announced its quarterly earnings data on Wednesday, February, 7th. The utilities provider reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.09 by $0.01. The utilities provider had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.71 billion. Atmos Energy had a trailing twelve-month return on equity of 8.62% and a net margin of 23.43%. During the same period last year, the firm posted $1.91 EPS.
Read the conference call transcript
.

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

Atmos Energy declared a quarterly dividend on Tuesday, February 6th. Stockholders of record on Monday, February 26th will be given a dividend of $0.805 per share on Monday, March 11th. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date is Friday, February 23rd.
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 2.82%. The company has been increasing its dividend for 40 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 51.11%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATO will have a dividend payout ratio of 46.00% 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 Tuesday, February, 6th. The company provided EPS guidance of 6.450-6.650 for the period, compared to the consensus earnings per share estimate of 6.580. 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.82%), Legal & General Group Plc (1.21%), Northern Trust Corp (1.00%), DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main (0.99%), Massachusetts Financial Services Co. MA (0.98%) and Cooke & Bieler LP (0.89%). 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 2/24/2024 by MarketBeat.com Staff