Atmos Energy (NYSE:ATO) Releases Fiscal 2022 Earnings Guidance
Atmos Energy (NYSE:ATO) released an update to its fiscal 2022 earnings guidance on Tuesday morning. The company provided EPS guidance of $5,400 to $5,600 for the period, compared to the Thomson Reuters consensus EPS estimate of $5,500. The company released a revenue forecast of -.
ATO shares opened at $105.98 on Tuesday. The company’s 50-day moving average price is $103.51 and its two-hundred-day moving average price is $97.50. The company has a debt ratio of 0.62, a quick ratio of 0.76 and a current ratio of 0.81. The company has a market capitalization of $14.35 billion, a P/E ratio of 20.54, a PEG ratio of 2.63 and a beta of 0.47. Atmos Energy has a 12-month low of $84.59 and a 12-month high of $109.22.
Atmos Energy (NYSE:ATO) last reported quarterly earnings data on Tuesday, February 8. The utility provider reported EPS of $1.86 for the quarter, beating the Zacks consensus estimate of $1.85 by $0.01. Atmos Energy posted a net margin of 19.53% and a return on equity of 8.67%. The company posted revenue of $1.01 billion for the quarter, compared to analysts’ estimates of $1.02 billion. In the same quarter a year earlier, the company posted earnings per share of $1.71. The company’s revenue for the quarter increased 10.7% year over year. On average, sell-side analysts expect Atmos Energy to post earnings per share of 5.52 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 7. Shareholders of record on Monday, February 21 will receive a dividend of $0.68. The ex-dividend date is Thursday, February 17. This represents an annualized dividend of $2.72 and a dividend yield of 2.57%. Atmos Energy’s dividend payout ratio is currently 52.71%.
ATO has been the subject of a number of research reports. Bank of America upgraded shares of Atmos Energy from a neutral rating to a buy rating and raised its target price for the stock by $100.00 to $107.00 in a Wednesday, Dec. 15 report. Morgan Stanley cut its price target on Atmos Energy shares from $126.00 to $124.00 and set an overweight rating for the company in a Friday, January 21 research report. JPMorgan Chase & Co. raised its price target on Atmos Energy from $119.00 to $120.00 and gave the stock an overweight rating in a Wednesday, Jan. 19 research note. TheStreet upgraded Atmos Energy from a c+ rating to a b- rating in a Monday, December 27 report. Finally, Mizuho raised its price target on Atmos Energy from $110.00 to $119.00 and gave the stock a buy rating in a Thursday, February 10 research report. Three analysts gave the stock a hold rating and six gave the company a buy rating. According to data from MarketBeat, Atmos Energy has a consensus Buy rating and a consensus target price of $112.43.
In other Atmos Energy news, Vice Chairman Richard M. Thomas sold 950 shares of the company in a trade that took place on Thursday, February 10. The stock was sold at an average price of $106.61, for a total transaction of $101,279.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders of the company own 0.90% of the shares of the company.
A hedge fund recently increased its stake in shares of Atmos Energy. Morgan Stanley increased its position in shares of Atmos Energy Co. (NYSE:ATO) by 37.7% in the second quarter, according to the company in its latest filing with the Securities & Exchange Commission. The institutional investor held 911,744 shares of the utility provider after purchasing an additional 249,589 shares during the period. Morgan Stanley owned about 0.70% of Atmos Energy worth $87,627,000 when it last filed with the Securities & Exchange Commission. Hedge funds and other institutional investors own 84.63% of the company’s shares.
About Atmos Energy
Atmos Energy Corp. engages in regulated natural gas distribution and pipeline and storage activities. It operates through Distribution, Pipeline and Storage business segments. The Distribution segment includes the regulated distribution of natural gas and related sales activities. The Pipeline and Storage segment includes pipeline and storage operations of the Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana.
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