Atmos Energy Stock (NYSE:ATO), Trade Ideas

Atmos Energy

Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

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Mizuho analyst Gabriel Moreen reiterated a Buy rating on Atmos Energy Corporation (NYSE: ATO), 

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<p>UBS  analyst William Appicelli   initiates coverage on Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Neutral rating and announces Price Target of $124.</p>


Initiation

UBS Initiates Coverage On Atmos Energy with Neutral Rating, Announces Price Target of $124

<p>Barclays  analyst Eric Beaumont   maintains Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Equal-Weight and raises the price target from $115 to $121.</p>


Barclays Maintains Equal-Weight on Atmos Energy, Raises Price Target to $121

<p><strong>Atmos Energy</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) reported its Q1 earnings results on Tuesday, February 6, 2024 at 04:36 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Atmos Energy beat estimated earnings by 1.46%, reporting an EPS of $2.08 versus an estimate of $2.05.</p>
<p>Revenue was down $326.01 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat on EPS by $0.09 which was followed by a 1.85% increase in the share price the next day.</p>
<p>Here's a look at Atmos Energy's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.71</td>
<td>0.99</td>
<td>2.46</td>
<td>1.92</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.80</td>
<td>0.94</td>
<td>2.48</td>
<td>1.91</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>959.02M</td>
<td>970.76M</td>
<td>1.82B</td>
<td>1.14B</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>587.64M</td>
<td>662.73M</td>
<td>1.54B</td>
<td>1.48B</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Atmos Energy <a href="https://www.benzinga.com/quote/ATO/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings

Recap: Atmos Energy Q1 Earnings

Guidance

Atmos Energy Sees 2024 EPS $6.45-$6.65 vs $6.58 Est.

<p>Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) reported quarterly earnings of $2.08 per share which beat the analyst consensus estimate of $2.07 by 0.48 percent.</p>


Earnings Beats

Atmos Energy Q1 2024 GAAP EPS $2.08 Beats $2.07 Estimate

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Earnings Scheduled For February 6, 2024

<p><strong>Atmos Energy</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Atmos Energy will report an <strong>earnings per share</strong> (EPS) of $2.05. </p>
<p>Atmos Energy bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.09, which was followed by a 1.85% increase in the share price the next day.</p>
<p>Here's a look at Atmos Energy's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.71</td>
<td>0.99</td>
<td>2.46</td>
<td>1.92</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.80</td>
<td>0.94</td>
<td>2.48</td>
<td>1.91</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>1.85%</td>
<td>-2.58%</td>
<td>4.47%</td>
<td>-0.38%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707145299_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Atmos Energy were trading at $113.77 as of February 02. Over the last 52-week period, shares are down 4.4%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/ATO/earnings"><strong>To track all earnings releases for Atmos Energy visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Atmos Energy's Earnings Outlook

<p>During the last three months, 4 analysts shared their evaluations of Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>), revealing diverse outlooks from bullish to bearish.</p>
<p>The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $118.25, with a high estimate of $133.00 and a low estimate of $110.00. Experiencing a 2.67% decline, the current average is now lower than the previous average price target of $121.50. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1705939253_0.png" alt="price target chart" /></p>
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
<p>The standing of Atmos Energy among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Eric Beaumont</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$115.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>Gabriel Moreen</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Buy</td>
<td>$133.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$110.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Stephen Byrd</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$115.00</td>
<td>$124.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Atmos Energy. This offers insight into analysts' perspectives on the current state of the company.</li>
<li><strong>Rating:</strong> Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Atmos Energy compared to the broader market.</li>
<li><strong>Price Targets:</strong> Analysts predict movements in price targets, offering estimates for Atmos Energy's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
<p>Capture valuable insights into Atmos Energy's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/ATO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Atmos Energy analyst ratings.</strong></a></p>
<h2>Discovering Atmos Energy: A Closer Look</h2>
<p>Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.</p>
<h3>Atmos Energy: A Financial Overview</h3>
<p><strong>Market Capitalization Highlights:</strong> Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.</p>
<p><strong>Revenue Growth:</strong> Atmos Energy's revenue growth over a period of 3 months has faced challenges. As of 30 September, 2023, the company experienced a revenue decline of approximately <strong>-18.68%</strong>. This indicates a decrease in the company's top-line earnings. When compared to others in the Utilities sector, the company faces challenges, achieving a growth rate lower than the average among peers.</p>
<p><strong>Net Margin:</strong> Atmos Energy's net margin excels beyond industry benchmarks, reaching <strong>20.16%</strong>. This signifies efficient cost management and strong financial health.</p>
<p><strong>Return on Equity (ROE):</strong> Atmos Energy's ROE excels beyond industry benchmarks, reaching <strong>1.1%</strong>. This signifies robust financial management and efficient use of shareholder equity capital.</p>
<p><strong>Return on Assets (ROA):</strong> Atmos Energy's ROA stands out, surpassing industry averages. With an impressive ROA of <strong>0.53%</strong>, the company demonstrates effective utilization of assets and strong financial performance.</p>
<p><strong>Debt Management:</strong> Atmos Energy's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.65</strong>.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.</p>
<p>Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Key Takeaways From Atmos Energy Analyst Ratings

<p>Barclays  analyst Eric Beaumont   maintains Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Equal-Weight and lowers the price target from $116 to $115.</p>


Barclays Maintains Equal-Weight on Atmos Energy, Lowers Price Target to $115

<p>Over the past 3 months, 6 analysts have published their opinion on Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the last 3 months, 6 analysts have offered 12-month price targets for Atmos Energy. The company has an average price target of $121.5 with a high of $133.00 and a low of $110.00. </p>
<p>Below is a summary of how these 6 analysts rated Atmos Energy over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702587650_0.png" alt="price target chart" /></p>
<p>This current average has decreased by 2.93% from the previous average price target of $125.17. </p>
<p><a href="https://www.benzinga.com/quote/ATO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Atmos Energy analyst ratings.</strong></a></p>
<h1>Analyst Ratings: What Are They?</h1>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Expectations for Atmos Energy's Future

<p>Mizuho  analyst Gabriel Moreen   maintains Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Buy and raises the price target from $131 to $133.</p>


Mizuho Maintains Buy on Atmos Energy, Raises Price Target to $133

<p>By the end of today, December 11, 2023, <b>Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>)</b> is set to deliver a dividend payout of $0.81 per share, equating to an annualized dividend yield of 2.93%. Shareholders who owned the stock prior to the ex-dividend date on November 24, 2023 will receive this payout.</p>
<h3>Atmos Energy Recent Dividend Payouts</h3>
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<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$0.81</td>
<td>2.93%</td>
<td>2023-11-08</td>
<td>2023-11-27</td>
<td>2023-12-11</td>
</tr>
<tr>
<td>2023-08-18</td>
<td style="text-align: right;">4</td>
<td>$0.74</td>
<td>2.45%</td>
<td>2023-08-02</td>
<td>2023-08-21</td>
<td>2023-09-05</td>
</tr>
<tr>
<td>2023-05-19</td>
<td style="text-align: right;">4</td>
<td>$0.74</td>
<td>2.64%</td>
<td>2023-05-03</td>
<td>2023-05-22</td>
<td>2023-06-05</td>
</tr>
<tr>
<td>2023-02-16</td>
<td style="text-align: right;">4</td>
<td>$0.74</td>
<td>2.52%</td>
<td>2023-02-07</td>
<td>2023-02-20</td>
<td>2023-03-06</td>
</tr>
<tr>
<td>2022-11-25</td>
<td style="text-align: right;">4</td>
<td>$0.74</td>
<td>2.83%</td>
<td>2022-11-09</td>
<td>2022-11-28</td>
<td>2022-12-12</td>
</tr>
<tr>
<td>2022-08-19</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>2.26%</td>
<td>2022-08-03</td>
<td>2022-08-22</td>
<td>2022-09-06</td>
</tr>
<tr>
<td>2022-05-20</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>2.42%</td>
<td>2022-05-04</td>
<td>2022-05-23</td>
<td>2022-06-06</td>
</tr>
<tr>
<td>2022-02-17</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>2.57%</td>
<td>2022-02-08</td>
<td>2022-02-21</td>
<td>2022-03-07</td>
</tr>
<tr>
<td>2021-11-26</td>
<td style="text-align: right;">4</td>
<td>$0.68</td>
<td>2.92%</td>
<td>2021-11-10</td>
<td>2021-11-29</td>
<td>2021-12-13</td>
</tr>
<tr>
<td>2021-08-20</td>
<td style="text-align: right;">4</td>
<td>$0.62</td>
<td>2.51%</td>
<td>2021-08-04</td>
<td>2021-08-23</td>
<td>2021-09-07</td>
</tr>
<tr>
<td>2021-05-21</td>
<td style="text-align: right;">4</td>
<td>$0.62</td>
<td>2.41%</td>
<td>2021-05-05</td>
<td>2021-05-24</td>
<td>2021-06-07</td>
</tr>
<tr>
<td>2021-02-19</td>
<td style="text-align: right;">4</td>
<td>$0.62</td>
<td>2.82%</td>
<td>2021-02-02</td>
<td>2021-02-22</td>
<td>2021-03-08</td>
</tr>
</tbody>
</table>
<p>When comparing Atmos Energy's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>Suburban Propane Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPH#NYSE">SPH</a>)</b> having the highest annualized dividend yield at 7.70%.</p>
<h3>Analyzing Atmos Energy Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702307135_0.png" alt="dividend chart graph" /></p>
<p>Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $2.15 to $2.78, indicating the company's dedication to enhancing shareholder value through increased dividends.</p>
<h3>YoY Earnings Growth For Atmos Energy</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702307135_1.png" alt="earning chart graph" /></p>
<p>From 2019 to 2022, Atmos Energy has demonstrated an upward trend in earnings, with earnings per share rising from $4.37 to $5.66. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of Atmos Energy's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.81 per share, resulting in an annualized dividend yield of 2.93%.</p>
<p>When comparing Atmos Energy's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Suburban Propane Partners having the highest annualized dividend yield at 7.70%.</p>
<p>Given that Atmos Energy has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.</p>
<p>It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Atmos Energy's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

Atmos Energy Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards

<p>Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) has observed the following analyst ratings within the last quarter: </p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>These 6 analysts have an average price target of $120.67 versus the current price of Atmos Energy at $112.92, implying  upside.</p>
<p>Below is a summary of how these 6 analysts rated Atmos Energy over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the more negative analysts are on the stock</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1700596816_0.png" alt="price target chart" /></p>
<p>This current average has decreased by 3.72% from the previous average price target of $125.33. </p>
<p><a href="https://www.benzinga.com/quote/ATO/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Atmos Energy analyst ratings.</strong></a></p>
<h1>What Are Analyst Ratings?</h1>
<p>Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. </p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings for Atmos Energy

<p>Morgan Stanley  analyst Stephen Byrd   maintains Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Overweight and lowers the price target from $115 to $110.</p>


Morgan Stanley Maintains Overweight on Atmos Energy, Lowers Price Target to $110

WIIM

Atmos Energy shares are trading higher after the company reported better-than-expected Q3 EPS results and issued FY24 EPS guidance above estimates.

Atmos Energy Sees FY24 EPS $6.45-$6.65 Vs $6.05 Est, Sees CapEx $2.9B

Atmos Q3 2023 EPS $0.80 Beats $0.72 Estimate, Consolidated Operating Income $1.1B

Atmos Raises Dividend From $0.74 To $0.805

<p>Morgan Stanley has decided to maintain its Overweight rating of Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) and lower its price target from $124.00 to $115.00.</p>
<p>Shares of Atmos Energy are trading up 0.0% over the last 24 hours, at $108.67 per share.</p>
<p>A move to $115.00 would account for a 5.82% increase from the current share price.</p>
<h3>About Atmos Energy</h3>
<p>Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.</p>
<h3>About Analyst Ratings</h3>
<p>Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.</p>
<p>Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.</p>
<p>If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Morgan Stanley Maintains Overweight Rating for Atmos Energy: Here's What You Need To Know

<p>Morgan Stanley  analyst Stephen Byrd   maintains Atmos Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATO#NYSE">ATO</a>) with a Overweight and lowers the price target from $124 to $115.</p>


Morgan Stanley Maintains Overweight on Atmos Energy, Lowers Price Target to $115

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Dividend Aristocrats are stocks that have grown their dividends for at least 25 consecutive years. Most of these companies have achieved such long dividend growth streaks thanks to their strong business models, which are characterized by a meaningful business moat and resilience to recessions.</p>



<p>The following 3 <a href="https://www.suredividend.com/dividend-aristocrats-list/">Dividend Aristocrats</a> are excellent considerations for buy-and-hold investors due to their long-term growth potential and lengthy dividend histories.</p>



<h2>Johnson &amp; Johnson (JNJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/jnj1600c-300x169.jpg" alt="A red Johnson &amp; Johnson (JNJ) sign hangs inside in Moscow, Russia."><div>Source: Alexander Tolstykh / Shutterstock.com</div></div><p><strong>Johnson &amp; Johnson</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/jnj-stock-quote/"><strong>JNJ</strong></a></span>) is a diversified healthcare company and a leader in the area of pharmaceuticals and medical devices Johnson &amp; Johnson was founded in 1886 and employs more than 150,000 people around the world. The company is projected to generate approximately $89 billion in revenue this year.</p>



<p>On Jan. 23, 2024, Johnson &amp; Johnson <a href="https://www.investor.jnj.com/news/news-details/2024/Johnson--Johnson-Reports-Q4-and-Full-Year-2023-Results/default.aspx">announced fourth quarter</a> and full-year results for the period ending Dec. 31, 2023. For the quarter, revenue grew 7.3% to $21.4 billion, which was $380 million more than expected. Adjusted earnings per share of $2.29 compared to $2.05 in the prior year and were 1 cent ahead of estimates.</p>



<p>For the year, revenue grew 6.5% to $85.2 billion while adjusted EPS of $9.92 compared to $10.15. Adjusting for the spinoff off <strong>Kenvue</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/kvue-stock-quote/"><strong>KVUE</strong></a></span>), adjusted EPS increased 11.1% from $8.93 in the prior year.</p>



<p>The company expects revenue in a range of $88.2 billion to $89 billion, representing sales growth of 5% to 6%. It expects EPS in a range of $10.55 to $10.75 for the year.</p>



<p>Johnson &amp; Johnson has grown earnings over the past 10 years at a rate of 6.3%. The company managed to grow earnings before, during and after the last recession, showing that its products are in demand regardless of market conditions.</p>



<p>Johnson &amp; Johnson has a reasonably low dividend payout ratio of 45% estimated for 2024. This gives the company ample room to raise its dividend, even in a prolonged recession. On April 18, 2023, Johnson &amp; Johnson announced that it was increasing its quarterly dividend 5.3% to $1.19, extending the company&rsquo;s dividend growth streak to 61 consecutive years.</p>



<h2>Procter &amp; Gamble (PG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/pg1600-300x169.jpg" alt="A Procter &amp; Gamble (PG) distribution center in Vandalia."><div>Source: Jonathan Weiss / Shutterstock.com</div></div><p><strong>Procter &amp; Gamble</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/pg-stock-quote/"><strong>PG</strong></a></span>) is a consumer products giant that sells its products in over 180 countries. Notable brands include Pampers, Luvs, Tide, Gain, Bounty, Charmin, Puffs, Gillette, Head &amp; Shoulders, Old Spice, Dawn, Febreze, Swiffer, Crest, Oral-B, Scope, Olay and many more. The company generated $82 billion in sales in fiscal 2023.</p>



<p>In late January, Procter &amp; Gamble reported financial results for the second quarter of fiscal 2024. It grew its <a href="https://www.pginvestor.com/financial-reporting/press-releases/news-details/2024/PG-Announces-Fiscal-Year-2024-Second-Quarter-Results/default.aspx">sales and its organic sales by 3% and 4%</a>, respectively, over last year. Organic sales growth resulted from price hikes, which offset a marginal decrease in volumes. Despite the headwind of cost inflation, EPS grew 16% thanks to price hikes, from $1.59 to $1.84, beating analysts&rsquo; consensus by 14 cents.</p>



<p>The firm&rsquo;s sales amid strong price hikes are a testament to the strength of the brands of Procter &amp; Gamble. The company reiterated its guidance for 4%-5% organic sales growth in fiscal 2024 and improved its guidance for growth of EPS to 8%-9%.</p>



<p>Procter &amp; Gamble&rsquo;s dividend payout ratio has oscillated between 50% and 75% in the last decade, with the current mark at 59%. This is somewhat high for your typical company, but well within a reasonable range for such a high-quality firm. As a result, Procter &amp; Gamble has paid a dividend for 133 years and has grown its dividend for 67 consecutive years &ndash; one of the longest active streaks of any company.</p>



<h2>Atmos Energy (ATO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/shutterstock_1667280220-300x169.jpg" alt="Several natural gas tanks with a sunrise in the background"><div>Source: OlegRi / Shutterstock</div></div><p><strong>Atmos Energy</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ato-stock-quote/"><strong>ATO</strong></a></span>) can trace its beginnings all the way back to 1906 when it was formed in Texas. The company now distributes and stores natural gas in eight states, serves over 3 million customers, and should generate about $5 billion in revenue this year.</p>



<p>Atmos posted fiscal <a href="https://www.investors.atmosenergy.com/news/news-details/2024/Atmos-Energy-Corporation-Reports-Earnings-for-Fiscal-2024-First-Quarter-Affirms-Fiscal-2024-Guidance/default.aspx">first quarter earnings on Feb. 6, 2024</a>, and results were fairly strong. EPS came to $2.08, or $311 million on a dollar basis. Capital expenditures for the quarter were $770 million, with 82% of that capex being focused on safety and reliability. Atmos ended the quarter with $3.2 billion in available liquidity.</p>



<p>Atmos reaffirmed its outlook for $6.45 to $6.65 in EPS for this year. Company management continues to expect 6% to 8% annual earnings-per-share growth, in line with our estimate.</p>



<p>Atmos&rsquo; EPS has risen steadily in the past decade as the company continues to grow both organically and through acquisitions. We are forecasting a five-year annual growth rate of 7% moving forward, in line with our prior estimate. The company can achieve this growth through continued improvements in gross margin, reductions in operating costs as a percentage of revenue, and top line growth via acquisitions as well as customer growth.</p>



<p>The company&rsquo;s competitive advantage is in its wide distribution area and lack of direct competition in its service areas for residential and commercial customers. In addition, discretionary use of natural gas is low as people use what they need, regardless of economic conditions. As a result, Atmos Energy has increased its dividend for 40 consecutive years.</p>



<p><em>On the date of publication, Bob Ciura&nbsp;did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>Bob Ciura has worked at <a href="https://twitter.com/SureDividend">Sure Dividend</a> since 2016. He oversees all content for Sure Dividend and its partner sites. Prior to joining Sure Dividend, Bob was an independent equity analyst. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. Bob received a bachelor&rsquo;s degree in Finance from DePaul University and an MBA with a concentration in investments from the University of Notre Dame.</p></div><h3>More From InvestorPlace</h3>
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3 Dividend Aristocrat Stocks to Buy And Hold: March 2024

Barclays analyst Nicholas Campanella maintained a Hold rating on Atmos Energy (ATO – Research Report) today and set a price target of $121.00. The ...

Barclays Keeps Their Hold Rating on Atmos Energy (ATO)

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Barclays Sticks to Its Hold Rating for Atmos Energy (ATO)

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Press Releases

Atmos Energy Corporation to Host Fiscal 2023 Third Quarter Earnings Conference Call on August 3, 2023

Atmos Energy Declares Regular Quarterly Dividend

Atmos Energy Corporation Reports Earnings for Fiscal 2023 Third Quarter; Reaffirms Fiscal 2023 Guidance

Atmos Energy Corporation to Host Fiscal 2023 Year End Earnings Conference Call on November 9, 2023

Atmos Energy Increases Quarterly Dividend

Atmos Energy Corporation Reports Earnings for Fiscal 2023; Initiates Fiscal 2024 Guidance; Raises Dividend

Atmos Energy Corporation to Host Fiscal 2024 First Quarter Earnings Conference Call on February 7, 2024

Atmos Energy Corporation Reports Earnings for Fiscal 2024 First Quarter; Affirms Fiscal 2024 Guidance

Atmos Energy Corporation to Host Fiscal 2024 Second Quarter Earnings Conference Call on May 9, 2024