Atmos Energy FY2024 EPS Estimate Lifted by Seaport Res Ptn

Atmos Energy Co. (NYSE:ATO) – Equities researchers at Seaport Res Ptn raised their FY2024 earnings per share estimates for shares of Atmos Energy in a research note issued on Thursday, October 31st. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings of $6.78 per share for the year, up from their previous forecast of $6.76. The consensus estimate for Atmos Energy’s current full-year earnings is $6.79 per share.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $701.55 million for the quarter, compared to analysts’ expectations of $924.75 million. Atmos Energy had a net margin of 25.09% and a return on equity of 8.94%. During the same period last year, the firm earned $0.94 earnings per share.

Several other research analysts have also weighed in on ATO. StockNews.com lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, October 18th. Morgan Stanley upped their price target on shares of Atmos Energy from $128.00 to $140.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Wells Fargo & Company upped their price objective on shares of Atmos Energy from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, Barclays upped their price target on shares of Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and an average price target of $143.94.

Atmos Energy Trading Down 0.3 %

ATO opened at $138.40 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. Atmos Energy has a 12 month low of $107.82 and a 12 month high of $144.32. The firm’s fifty day simple moving average is $137.10 and its 200 day simple moving average is $125.77. The stock has a market capitalization of $21.48 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.79 and a beta of 0.68.

Institutional Trading of Atmos Energy

A number of large investors have recently added to or reduced their stakes in ATO. Vanguard Group Inc. increased its stake in shares of Atmos Energy by 0.7% in the first quarter. Vanguard Group Inc. now owns 19,472,036 shares of the utilities provider’s stock worth $2,314,641,000 after purchasing an additional 127,199 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Atmos Energy by 5.6% in the first quarter. ProShare Advisors LLC now owns 1,575,191 shares of the utilities provider’s stock worth $187,243,000 after purchasing an additional 83,661 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Atmos Energy by 1.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,550,227 shares of the utilities provider’s stock worth $180,834,000 after purchasing an additional 19,981 shares in the last quarter. Cooke & Bieler LP boosted its position in shares of Atmos Energy by 4.6% in the second quarter. Cooke & Bieler LP now owns 1,521,696 shares of the utilities provider’s stock valued at $177,506,000 after acquiring an additional 66,345 shares during the period. Finally, Sfmg LLC boosted its position in shares of Atmos Energy by 0.9% in the second quarter. Sfmg LLC now owns 1,059,221 shares of the utilities provider’s stock valued at $123,558,000 after acquiring an additional 9,253 shares during the period. Hedge funds and other institutional investors own 90.17% of the company’s stock.

Atmos Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were issued a dividend of $0.805 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $3.22 dividend on an annualized basis and a yield of 2.33%. Atmos Energy’s dividend payout ratio (DPR) is presently 47.28%.

Atmos Energy Company Profile

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.