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 released on Thursday.

ATO has been the topic of several other research reports. Citigroup upped their price objective on Atmos Energy from $182.00 to $191.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Mizuho cut their target price on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Barclays boosted their target price on shares of Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 8th. Morgan Stanley set a $183.00 price target on shares of Atmos Energy in a research report on Thursday, May 21st. Finally, 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 report on Friday, May 15th. One investment analyst has rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and an average price target of $181.90.

Atmos Energy Price Performance

Shares of ATO opened at $169.32 on Thursday. The business’s 50-day moving average is $181.06 and its two-hundred day moving average is $176.74. The company has a market capitalization of $28.26 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.91 and a beta of 0.60. Atmos Energy has a fifty-two week low of $149.98 and a fifty-two week high of $192.51. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00.

Atmos Energy (NYSE:ATO) last issued 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 firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter in the prior year, the business earned $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Research analysts predict that Atmos Energy will post 8.43 earnings per share for the current year.

Hedge Funds Weigh In On Atmos Energy

A number of institutional investors and hedge funds have recently bought and sold shares of ATO. Garner Asset Management Corp purchased a new position in shares of Atmos Energy during the 4th quarter worth $25,000. Kingdom Financial Group LLC. purchased a new stake in Atmos Energy in the 4th quarter valued at about $26,000. JFS Wealth Advisors LLC lifted its position in Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after buying an additional 73 shares during the last quarter. Princeton Global Asset Management LLC lifted its position in Atmos Energy by 270.2% in the fourth 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 during the last quarter. Finally, Western Wealth Management LLC purchased a new position in Atmos Energy during the first quarter worth about $34,000. 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.