Atmos Energy (NYSE:ATO) Raised to Hold at Wall Street Zen

Atmos Energy (NYSE:ATO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other analysts also recently issued reports on the stock. Argus decreased their price objective on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday. Truist Financial decreased their price target on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a research note on Monday, May 18th. Citigroup lifted their price target on shares of Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. TD Cowen upped their price objective on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Finally, Barclays increased their price objective on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and a consensus target price of $183.90.

Atmos Energy Stock Down 0.1%

Shares of NYSE:ATO opened at $176.66 on Friday. Atmos Energy has a 1 year low of $150.51 and a 1 year high of $192.51. The company has a market capitalization of $29.49 billion, a PE ratio of 21.70, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60. The business has a fifty day moving average price of $175.80 and a two-hundred day moving average price of $176.76. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping analysts’ consensus estimates of $3.37 by $0.10. The company had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same period in the previous year, the business posted $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Analysts forecast that Atmos Energy will post 8.46 earnings per share for the current year.

Hedge Funds Weigh In On Atmos Energy

Several large investors have recently modified their holdings of the business. Garner Asset Management Corp bought a new stake in shares of Atmos Energy in the fourth quarter valued at approximately $25,000. JFS Wealth Advisors LLC boosted its holdings in Atmos Energy by 85.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after buying an additional 73 shares during the period. Kingdom Financial Group LLC. bought a new position in Atmos Energy in the 4th quarter worth approximately $26,000. Princeton Global Asset Management LLC grew its stake in Atmos Energy by 270.2% in the 4th quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in Atmos Energy in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.17% of the company’s stock.

About Atmos Energy

Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.