Truist Financial Boosts Atmos Energy (NYSE:ATO) Price Target to $188.00

Atmos Energy (NYSE:ATO) had its price objective increased by Truist Financial from $187.00 to $188.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the utilities provider’s stock. Truist Financial’s price target points to a potential upside of 5.88% from the company’s current price.

Several other equities analysts have also recently commented on ATO. Wall Street Zen upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings lowered shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Barclays lowered their price target on Atmos Energy from $184.00 to $183.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Mizuho cut their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $186.42.

Atmos Energy Stock Performance

ATO opened at $177.57 on Friday. The firm has a market capitalization of $29.64 billion, a P/E ratio of 21.81, a price-to-earnings-growth ratio of 3.08 and a beta of 0.60. The stock’s 50 day moving average price is $174.02 and its two-hundred day moving average price is $177.35. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. Atmos Energy has a 12-month low of $154.23 and a 12-month high of $192.51.

Atmos Energy (NYSE:ATO) last issued its quarterly 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. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The company had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the company earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts forecast that Atmos Energy will post 8.45 earnings per share for the current year.

Institutional Trading of Atmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ATO. TABR Capital Management LLC acquired a new stake in Atmos Energy in the 4th quarter valued at $1,096,000. Eurizon Capital SGR S.p.A. acquired a new position in Atmos Energy during the fourth quarter worth $34,582,000. Swiss Life Asset Management Ltd raised its stake in Atmos Energy by 133.1% during the third quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after acquiring an additional 22,784 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Atmos Energy by 12.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock valued at $30,853,000 after acquiring an additional 20,408 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Atmos Energy by 30.9% during the fourth quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock valued at $81,507,000 after acquiring an additional 114,836 shares during the period. Institutional investors own 90.17% of the company’s stock.

Atmos Energy Company Profile

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.