Atmos Energy (NYSE:ATO) Downgraded to “Sell” Rating by Wall Street Zen

Atmos Energy (NYSE:ATO) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other analysts have also recently commented on ATO. Mizuho decreased their price objective on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research note on Friday. TD Cowen lifted their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Morgan Stanley set a $183.00 price objective on shares of Atmos Energy in a research note on Thursday, May 21st. Citigroup lifted their price objective on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Truist Financial decreased their price objective 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. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $181.90.

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $168.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. Atmos Energy has a 12 month low of $149.98 and a 12 month high of $192.51. The company has a 50 day simple moving average of $182.97 and a two-hundred day simple moving average of $177.09. The stock has a market cap of $28.13 billion, a price-to-earnings ratio of 20.70, a PEG ratio of 2.90 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, beating the consensus estimate of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The business had revenue of $1.96 billion during the quarter, compared to analysts’ expectations of $1.94 billion. 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. As a group, analysts predict that Atmos Energy will post 8.44 earnings per share for the current year.

Hedge Funds Weigh In On Atmos Energy

A number of large investors have recently added to or reduced their stakes in ATO. Brighton Jones LLC acquired a new position in Atmos Energy during the fourth quarter worth $233,000. Integrated Wealth Concepts LLC grew its holdings in shares of Atmos Energy by 10.8% during the first quarter. Integrated Wealth Concepts LLC now owns 3,168 shares of the utilities provider’s stock worth $490,000 after buying an additional 308 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Atmos Energy by 8.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,312 shares of the utilities provider’s stock worth $2,676,000 after buying an additional 1,331 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Atmos Energy by 8.5% during the first quarter. Empowered Funds LLC now owns 3,117 shares of the utilities provider’s stock worth $482,000 after buying an additional 245 shares in the last quarter. Finally, Woodline Partners LP grew its holdings in shares of Atmos Energy by 43.9% during the first quarter. Woodline Partners LP now owns 13,410 shares of the utilities provider’s stock worth $2,073,000 after buying an additional 4,088 shares in the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.

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.