Atmos Energy Co. (NYSE:ATO) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Shareholders of record on Monday, August 26th will be paid a dividend of 0.525 per share by the utilities provider on Monday, September 9th. This represents a $2.10 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Friday, August 23rd.
Atmos Energy has raised its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend annually for the last 36 consecutive years. Atmos Energy has a dividend payout ratio of 53.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atmos Energy to earn $4.63 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 45.4%.
Shares of NYSE ATO opened at $111.08 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.56 and a quick ratio of 0.44. The stock’s fifty day moving average price is $108.22 and its two-hundred day moving average price is $103.10. Atmos Energy has a one year low of $87.88 and a one year high of $111.43. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 27.77, a P/E/G ratio of 3.84 and a beta of 0.22.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.68 EPS for the quarter, meeting analysts’ consensus estimates of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm had revenue of $485.74 million for the quarter, compared to analyst estimates of $681.16 million. During the same period in the prior year, the firm posted $0.64 EPS. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. On average, equities analysts anticipate that Atmos Energy will post 4.34 earnings per share for the current fiscal year.
A number of brokerages have commented on ATO. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a report on Wednesday, July 24th. Morgan Stanley decreased their price objective on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating on the stock in a report on Friday, August 16th. Finally, Wells Fargo & Co began coverage on Atmos Energy in a report on Monday, July 15th. They issued an “outperform” rating and a $119.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $105.50.
Atmos Energy Company Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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