Barclays Sticks to Its Hold Rating for Atmos Energy (ATO)
TipRanks (Mon, 15-Apr 4:25 AM ET)
Atmos Energy Corporation to Host Fiscal 2024 Second Quarter Earnings Conference Call on May 9, 2024
Business Wire (Thu, 4-Apr 4:30 PM ET)
Business Wire (Tue, 6-Feb 4:36 PM ET)
Atmos Energy Declares Regular Quarterly Dividend
Business Wire (Tue, 6-Feb 4:35 PM ET)
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.
Atmos Energy trades on the NYSE stock market under the symbol ATO.
As of April 19, 2024, ATO stock price climbed to $117.20 with 983,531 million shares trading.
ATO has a beta of 0.56, meaning it tends to be less sensitive to market movements. ATO has a correlation of 0.19 to the broad based SPY ETF.
ATO has a market cap of $17.68 billion. This is considered a Large Cap stock.
Last quarter Atmos Energy reported $1 billion in Revenue and $2.08 earnings per share. This fell short of revenue expectation by $-542 million and exceeded earnings estimates by $.03.
In the last 3 years, ATO stock traded as high as $125.28 and as low as $85.80.
The top ETF exchange traded funds that ATO belongs to (by Net Assets): VTI, VB, VOO, VBR, SDY.
ATO stock has underperformed the market in the last year with a return of +6.0%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ATO shares. However, ATO has outperformed the market in the last 3 month and 2 week periods, returning +5.0% and +0.9%, while SPY returned +4.3% and -3.5%, respectively. This indicates ATO has been having a stronger performance recently.
ATO support price is $113.26 and resistance is $115.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ATO stock will trade within this expected range on the day.