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

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.
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7 brokerages have issued twelve-month price targets for Atmos Energy's shares. Their ATO share price targets range from $110.00 to $131.00. On average, they expect the company's share price to reach $122.14 in the next twelve months. This suggests a possible upside of 7.7% from the stock's current price.
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Atmos Energy's stock was trading at $112.07 at the beginning of the year. Since then, ATO shares have increased by 1.2% and is now trading at $113.46.
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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 days-to-cover ratio is presently 6.7 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 6th 2024.
View our ATO earnings forecast.

Atmos Energy Co. (NYSE:ATO) issued its quarterly earnings data on Thursday, November, 9th. The utilities provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.74 by $0.06. The utilities provider had revenue of $587.64 million for the quarter, compared to analysts' expectations of $959.12 million. Atmos Energy had a trailing twelve-month return on equity of 8.54% and a net margin of 20.72%. The business's revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.51 EPS.
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Atmos Energy announced a quarterly dividend on Wednesday, November 8th. Stockholders of record on Monday, November 27th will be given a dividend of $0.805 per share on Monday, December 11th. This represents a $3.22 annualized dividend and a yield of 2.84%. 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.

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.

ETFs with the largest weight of Atmos Energy (NYSE:ATO) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Tortoise North American Pipeline Fund (TPYP), First Trust EIP Carbon Impact ETF (ECLN), Invesco Dorsey Wright Utilities Momentum ETF (PUI), American CenturyFocused Large Cap Value ETF (FLV), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU) and First Trust Utilities AlphaDEX Fund (FXU).

Atmos Energy issued an update on 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 earnings per share estimate of $6.47.

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.

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).

Atmos Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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.
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