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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.