Atmos Energy (NYSE:ATO) Given New $198.00 Price Target at JPMorgan Chase & Co.

Atmos Energy (NYSE:ATO) had its price objective boosted by investment analysts at JPMorgan Chase & Co. from $196.00 to $198.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.66% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Wells Fargo & Company started coverage on shares of Atmos Energy in a report on Monday. They issued an “overweight” rating and a $200.00 price target on the stock. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. TD Cowen upped their target price on Atmos Energy from $193.00 to $196.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Truist Financial lowered their target price on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a report on Monday, May 18th. Finally, Mizuho dropped their price target on Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $186.33.

Atmos Energy Price Performance

Shares of Atmos Energy stock traded up $1.06 on Tuesday, hitting $180.56. The company’s stock had a trading volume of 45,852 shares, compared to its average volume of 1,316,081. Atmos Energy has a 52-week low of $152.80 and a 52-week high of $192.51. The company has a quick ratio of 0.89, a current ratio of 1.00 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average price of $174.53 and a 200-day moving average price of $177.16. The company has a market capitalization of $30.14 billion, a P/E ratio of 22.13, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.10. Atmos Energy had a net margin of 27.58% and a return on equity of 9.59%. The firm had revenue of $1.96 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. On average, equities research analysts expect that Atmos Energy will post 8.45 earnings per share for the current fiscal year.

Institutional Trading of Atmos Energy

A number of hedge funds have recently bought and sold shares of the company. Garner Asset Management Corp purchased a new stake in Atmos Energy in the 4th quarter worth approximately $25,000. JFS Wealth Advisors LLC boosted its holdings in shares of Atmos Energy by 85.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 73 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Atmos Energy in the fourth quarter valued at $26,000. Elevation Wealth Partners LLC grew its position in shares of Atmos Energy by 627.3% in the second quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

About Atmos Energy

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.