Atmos Energy (NYSE:ATO) Given New $188.00 Price Target at Truist Financial

Atmos Energy (NYSE:ATO) had its target price boosted by investment analysts at Truist Financial from $187.00 to $188.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the utilities provider’s stock. Truist Financial’s target price would suggest a potential upside of 5.75% from the company’s current price.

Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. lifted their target price on Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a research note on Tuesday. Argus lowered their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. TD Cowen lifted their price objective on Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Citigroup upped their price objective on Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Mizuho cut their target price on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating on the stock in a research note on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $186.42.

Atmos Energy Stock Up 1.6%

Shares of NYSE ATO opened at $177.78 on Friday. The stock has a market cap of $29.68 billion, a PE ratio of 21.84, a PEG ratio of 3.03 and a beta of 0.60. 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 business has a fifty day moving average of $174.08 and a two-hundred day moving average of $177.35. Atmos Energy has a 52-week low of $153.94 and a 52-week high of $192.51.

Atmos Energy (NYSE:ATO) last announced 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. The business 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 period in the previous year, the business earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, equities research analysts expect that Atmos Energy will post 8.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. TABR Capital Management LLC acquired a new stake in Atmos Energy in the 4th quarter valued at approximately $1,096,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Atmos Energy during the 4th quarter worth approximately $34,582,000. Swiss Life Asset Management Ltd grew its stake in shares of Atmos Energy by 133.1% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 39,904 shares of the utilities provider’s stock worth $6,814,000 after acquiring an additional 22,784 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Atmos Energy by 12.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 182,173 shares of the utilities provider’s stock valued at $30,853,000 after purchasing an additional 20,408 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Atmos Energy by 30.9% in the fourth quarter. Principal Financial Group Inc. now owns 486,229 shares of the utilities provider’s stock worth $81,507,000 after purchasing an additional 114,836 shares in the last quarter. 90.17% of the stock is 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.