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Atmos Energy Stock Price, News & Analysis (NYSE:ATO)

$114.50
-0.23 (-0.20%)
(As of 11:44 AM ET)
Compare
Today's Range
$114.19
$115.13
50-Day Range
$102.81
$114.92
52-Week Range
$101.00
$125.28
Volume
158,347 shs
Average Volume
906,159 shs
Market Capitalization
$17.00 billion
P/E Ratio
18.68
Dividend Yield
2.81%
Price Target
$122.14

Atmos Energy MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
6.5% Upside
$122.14 Price Target
Short Interest
Bearish
4.20% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-9.39
Upright™ Environmental Score
News Sentiment
1.11mentions of Atmos Energy in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$1.59 M Sold Last Quarter
Proj. Earnings Growth
6.63%
From $6.49 to $6.92 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.07 out of 5 stars

Utilities Sector

59th out of 85 stocks

Natural Gas Distribution Industry

6th out of 10 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

PNM Resources (PNM) Raises Annual Dividend Rate by 5.4%
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Atmos Energy Co. (NYSE:ATO) Short Interest Up 12.5% in November
Atmos Energy working on routine maintence
Atmos Energy Corp's Dividend Analysis
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Decoding Atmos Energy Corp (ATO): A Strategic SWOT Insight
Atmos Energy's profit climbs on higher prices
Atmos Energy Corporation Q4 Income Climbs, Beats estimates
13 Cash-Rich Dividend Stocks To Buy Now
See More Headlines
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Company Calendar

Last Earnings
11/09/2023
Ex-Dividend for 12/11 Dividend
11/24/2023
Today
12/07/2023
Dividend Payable
12/11/2023
Next Earnings (Estimated)
2/06/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$122.14
High Stock Price Target
$131.00
Low Stock Price Target
$110.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$885.86 million
Pretax Margin
23.38%

Debt

Sales & Book Value

Annual Sales
$4.28 billion
Cash Flow
$10.14 per share
Book Value
$73.22 per share

Miscellaneous

Free Float
147,754,000
Market Cap
$17.04 billion
Optionable
Optionable
Beta
0.65

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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 Sunday, December 3, 2023 at 4:22 PM.

Pros

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

  • Strong institutional ownership: 90.98% of the stock is currently owned by institutional investors and hedge funds. This indicates confidence in the company's performance and potential.
  • Consistent dividend payments: Atmos Energy has a history of paying dividends to its shareholders. This can provide a steady income stream for investors.
  • Regulated natural gas distribution: The company operates in the regulated natural gas distribution business, which provides a stable and predictable revenue stream.
  • Recent increase in institutional holdings: Franklin Resources Inc. raised its holdings in Atmos Energy by 169.7% in the 2nd quarter. This suggests growing interest and confidence from institutional investors.
  • Positive insider buying: Director Kim R. Cocklin purchased additional shares of Atmos Energy, indicating confidence in the company's future prospects.

Cons

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

  • Dependence on natural gas prices: Atmos Energy's business is heavily reliant on natural gas prices, which can be volatile and subject to external factors.
  • Regulatory risks: As a regulated natural gas distribution company, Atmos Energy is subject to regulatory changes and potential challenges that could impact its operations and profitability.
  • Competition in the industry: The utilities sector is highly competitive, and Atmos Energy faces competition from other companies in the market.
  • Market conditions: The overall market conditions, including economic factors and investor sentiment, can impact the performance of Atmos Energy's stock.
  • Potential impact of climate change policies: As the focus on renewable energy and climate change policies increases, there may be potential risks and challenges for natural gas companies like Atmos Energy.














ATO Stock Analysis - Frequently Asked Questions

Should I buy or sell Atmos Energy stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atmos Energy in the last year. There are currently 3 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?

7 equities research analysts have issued twelve-month target prices for Atmos Energy's stock. Their ATO share price targets range from $110.00 to $131.00. On average, they predict the company's stock price to reach $122.14 in the next twelve months. This suggests a possible upside of 6.5% 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 2023?

Atmos Energy's stock was trading at $112.07 at the beginning of 2023. Since then, ATO stock has increased by 2.4% and is now trading at $114.73.
View the best growth stocks for 2023 here
.

Are investors shorting Atmos Energy?

Atmos Energy saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 6,230,000 shares, an increase of 12.5% from the October 31st total of 5,540,000 shares. Based on an average daily volume of 931,200 shares, the short-interest ratio is presently 6.7 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 Tuesday, February 6th 2024.
View our ATO earnings forecast
.

How were Atmos Energy's earnings last quarter?

Atmos Energy Co. (NYSE:ATO) posted its quarterly earnings data on Thursday, November, 9th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.06. The utilities provider had revenue of $587.64 million for the quarter, compared to the consensus estimate of $959.12 million. Atmos Energy had a net margin of 20.72% and a trailing twelve-month return on equity of 8.54%. The firm's revenue was down 18.7% on a year-over-year basis. During the same quarter last year, the company posted $0.51 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 Wednesday, November 8th. Stockholders of record on Monday, November 27th will be paid a dividend of $0.805 per share on Monday, December 11th. This represents a $3.22 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from the stock's previous quarterly dividend of $0.74.
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 2.83%. 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 52.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATO will have a dividend payout ratio of 46.53% 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 updated its FY24 earnings guidance on Wednesday, November, 8th. The company provided earnings per share guidance of $6.45-6.65 for the period, compared to the consensus EPS estimate of $6.47.

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 Aristotle Capital Management LLC (6.06%), Wellington Management Group LLP (6.05%), American Century Companies Inc. (2.29%), Deutsche Bank AG (2.28%), Deutsche Bank AG (2.28%) and Invesco Ltd. (1.35%). Insiders that own company stock include Christopher T Forsythe, Diana J Walters, J Matt Robbins, Kim R Cocklin, Richard A Sampson 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:ATO) was last updated on 12/7/2023 by MarketBeat.com Staff

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