Atmos Energy (NYSE:ATO) Upgraded by Wall Street Zen to Hold Rating

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 Sunday.

A number of other equities analysts also recently issued reports on the company. Citigroup lifted their price target on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial increased their price objective on Atmos Energy from $187.00 to $188.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. TD Cowen raised their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a report on Friday, May 15th. Morgan Stanley set a $196.00 target price on Atmos Energy in a research report on Wednesday. Finally, Mizuho decreased 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 investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Atmos Energy presently has an average rating of “Hold” and an average price target of $186.92.

Atmos Energy Stock Up 0.7%

Shares of NYSE ATO opened at $179.24 on Friday. The stock has a market capitalization of $29.92 billion, a P/E ratio of 22.02, a P/E/G ratio of 3.11 and a beta of 0.60. The company has a 50-day moving average price of $173.76 and a 200-day moving average price of $177.67. Atmos Energy has a 1 year low of $154.23 and a 1 year high of $192.51. 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 posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping 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 company had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts forecast that Atmos Energy will post 8.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Atmos Energy during the 4th quarter valued at approximately $331,426,000. Bank of America Corp DE grew its stake in Atmos Energy by 94.9% in the 2nd quarter. Bank of America Corp DE now owns 3,652,267 shares of the utilities provider’s stock valued at $562,851,000 after buying an additional 1,778,653 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Atmos Energy by 26,269.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,033,701 shares of the utilities provider’s stock valued at $173,279,000 after buying an additional 1,029,781 shares in the last quarter. Capital International Investors grew its stake in Atmos Energy by 8.5% in the 4th quarter. Capital International Investors now owns 11,893,826 shares of the utilities provider’s stock valued at $1,993,968,000 after buying an additional 927,986 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Atmos Energy during the 4th quarter valued at $107,729,000. Hedge funds and other 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.