Atmos Energy - ATO Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atmos Energy in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ATO shares.
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9 equities research analysts have issued 1-year target prices for Atmos Energy's stock. Their ATO share price forecasts range from $107.00 to $128.00. On average, they predict the company's share price to reach $118.00 in the next twelve months. This suggests a possible upside of 1.8% from the stock's current price.
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Atmos Energy's stock was trading at $104.77 at the start of the year. Since then, ATO stock has increased by 10.6% and is now trading at $115.86.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 14th 2023.
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Atmos Energy Co. (NYSE:ATO) released its earnings results on Thursday, November, 10th. The utilities provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.08. The utilities provider had revenue of $722.70 million for the quarter, compared to analysts' expectations of $659.68 million. Atmos Energy had a trailing twelve-month return on equity of 8.61% and a net margin of 18.43%. The firm's revenue for the quarter was up 27.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share.

Atmos Energy declared a quarterly dividend on Wednesday, November 9th. Investors of record on Monday, November 28th will be given a dividend of $0.74 per share on Monday, December 12th. This represents a $2.96 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Friday, November 25th. This is a positive change from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for ATO.

Atmos Energy (NYSE:ATO) pays an annual dividend of $2.96 per share and currently has a dividend yield of 2.54%. The company has been increasing its dividend for 38 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ATO will have a dividend payout ratio of 46.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ATO.

Atmos Energy updated its FY23 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $5.90 to $6.10. for the period, compared to the consensus earnings per share estimate of $5.95.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ATO."

Atmos Energy's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.89%), BlackRock Inc. (9.46%), State Street Corp (7.57%), Bank of New York Mellon Corp (1.09%), Massachusetts Financial Services Co. MA (1.06%) and ProShare Advisors LLC (1.02%). Insiders that own company stock include Christopher T Forsythe, Frank H Yoho, J Matt Robbins, Richard A Sampson, 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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One share of ATO stock can currently be purchased for approximately $115.86.

Atmos Energy (NYSE:ATO) has a market capitalization of $16.32 billion and generates $4.20 billion in revenue each year. The utilities provider earns $774.40 million in net income (profit) each year or $5.66 on an earnings per share basis.

The company employs 4,791 workers across the globe.

Atmos Energy's mailing address is THREE LINCOLN CENTRE SUITE 1800 5430 LBJ FREEWAY, DALLAS TX, 75240. The official website for the company is www.atmosenergy.com. The utilities provider can be reached via phone at (972) 934-9227, via email at investorrelations@atmosenergy.com, or via fax at 972-855-3040.