Argus Lowers Atmos Energy (NYSE:ATO) Price Target to $185.00

Atmos Energy (NYSE:ATO) had its target price dropped by equities researchers at Argus from $190.00 to $185.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the utilities provider’s stock. Argus’ price objective suggests a potential upside of 6.85% from the stock’s current price.

A number of other equities research analysts also recently weighed in on ATO. TD Cowen upped their price target 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. Barclays lifted their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Weiss Ratings downgraded shares of Atmos Energy from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 19th. Finally, Truist Financial reduced their target price on shares of Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday, May 18th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $183.90.

Atmos Energy Stock Up 0.5%

ATO opened at $173.15 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.89 and a current ratio of 1.00. The company has a market capitalization of $28.90 billion, a PE ratio of 21.27, a P/E/G ratio of 2.99 and a beta of 0.60. The stock’s fifty day moving average is $176.04 and its 200-day moving average is $176.71. Atmos Energy has a one year low of $149.98 and a one year high of $192.51.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.10. The business had revenue of $1.96 billion during 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 quarter last year, the business posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities analysts predict that Atmos Energy will post 8.46 EPS for the current fiscal year.

Hedge Funds Weigh In On Atmos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of ATO. Compound Planning Inc. increased its stake in Atmos Energy by 3.6% in the 4th quarter. Compound Planning Inc. now owns 1,654 shares of the utilities provider’s stock worth $277,000 after purchasing an additional 58 shares in the last quarter. Checchi Capital Advisers LLC lifted its stake in Atmos Energy by 3.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock valued at $265,000 after buying an additional 60 shares in the last quarter. MGO One Seven LLC lifted its stake in Atmos Energy by 4.3% during the fourth quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after buying an additional 62 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Atmos Energy by 0.8% in the first quarter. Wealthfront Advisers LLC now owns 8,153 shares of the utilities provider’s stock worth $1,506,000 after buying an additional 65 shares during the period. Finally, Root Financial Partners LLC boosted its holdings in shares of Atmos Energy by 39.1% in the first quarter. Root Financial Partners LLC now owns 235 shares of the utilities provider’s stock worth $43,000 after buying an additional 66 shares during the period. Institutional investors and hedge funds 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.