FY2022 Earnings Forecast for Atmos Energy Co. Issued By Seaport Res Ptn (NYSE:ATO)

Atmos Energy Co. (NYSE:ATO) – Stock analysts at Seaport Res Ptn upped their FY2022 earnings estimates for shares of Atmos Energy in a note issued to investors on Thursday, January 13th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will post earnings of $5.50 per share for the year, up from their prior forecast of $5.40. Seaport Res Ptn also issued estimates for Atmos Energy’s FY2023 earnings at $5.92 EPS, FY2024 earnings at $6.35 EPS and FY2025 earnings at $6.71 EPS.

Several other research analysts have also weighed in on ATO. Barclays raised shares of Atmos Energy from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $95.00 to $101.00 in a research note on Monday, December 13th. Argus lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Thursday, October 7th. Bank of America raised shares of Atmos Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $100.00 to $107.00 in a research note on Wednesday, December 15th. TheStreet raised shares of Atmos Energy from a “c+” rating to a “b-” rating in a research note on Monday, December 27th. Finally, Morgan Stanley lifted their price target on shares of Atmos Energy from $119.00 to $126.00 and gave the company an “overweight” rating in a research note on Tuesday, December 21st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $110.00.

Atmos Energy stock opened at $106.05 on Friday. The company’s 50 day simple moving average is $98.47 and its 200 day simple moving average is $96.49. Atmos Energy has a fifty-two week low of $84.59 and a fifty-two week high of $107.66. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.62 and a beta of 0.50. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.81 and a quick ratio of 0.76.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 10th. The utilities provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.03. Atmos Energy had a net margin of 19.53% and a return on equity of 8.67%. The business had revenue of $568.38 million for the quarter, compared to analyst estimates of $622.75 million. During the same quarter last year, the firm earned $0.53 EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of ATO. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Atmos Energy by 15.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 23,675 shares of the utilities provider’s stock valued at $2,275,000 after purchasing an additional 3,125 shares during the last quarter. Rafferty Asset Management LLC raised its holdings in shares of Atmos Energy by 17.1% in the second quarter. Rafferty Asset Management LLC now owns 2,917 shares of the utilities provider’s stock valued at $280,000 after purchasing an additional 427 shares during the last quarter. Securian Asset Management Inc increased its holdings in Atmos Energy by 1.0% during the second quarter. Securian Asset Management Inc now owns 10,874 shares of the utilities provider’s stock worth $1,045,000 after buying an additional 110 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Atmos Energy by 103.8% during the second quarter. Rockefeller Capital Management L.P. now owns 1,830 shares of the utilities provider’s stock worth $175,000 after buying an additional 932 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in Atmos Energy by 168.0% during the second quarter. Citigroup Inc. now owns 333,648 shares of the utilities provider’s stock worth $32,066,000 after buying an additional 209,168 shares during the last quarter. Institutional investors own 84.63% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 13th. Stockholders of record on Monday, November 29th were issued a $0.68 dividend. The ex-dividend date of this dividend was Friday, November 26th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.56%. Atmos Energy’s dividend payout ratio (DPR) is 52.71%.

Atmos Energy Company Profile

Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes the pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana.

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