Atmos Energy Given “BBB+” Credit Rating by Morningstar (ATO)
Atmos Energy (NYSE:ATO) has earned a “BBB+” credit rating from Morningstar. The firm’s “BBB+” rating suggests that the company is a moderate default risk. They also issued a positive credit outlook for the company and gave their stock a two star rating.
A number of other analysts have also recently weighed in on ATO. Analysts at Edward Jones upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Friday, August 8th. Analysts at JPMorgan Chase & Co. set a $51.00 price target on shares of Atmos Energy in a research note on Wednesday, July 9th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $53.75.
Shares of Atmos Energy (NYSE:ATO) opened at 50.33 on Wednesday. Atmos Energy has a 52 week low of $39.22 and a 52 week high of $53.47. The stock has a 50-day moving average of $49.76 and a 200-day moving average of $49.3. The company has a market cap of $5.051 billion and a P/E ratio of 17.59.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.02. During the same quarter last year, the company posted $0.42 earnings per share. Analysts expect that Atmos Energy will post $2.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 8th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Thursday, August 21st.
Atmos Energy Corporation (NYSE:ATO) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses.
To view more credit ratings from Morningstar, visit www.morningstar.com.
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