Value Investing Philosophy And Atmos Energy Corp. (NYSE: ATO)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Recently, Yahoo Finance discussed the stock, revealing that Atmos Energy Corporation Reports Earnings for Fiscal 2024 First Quarter; Affirms Fiscal 2024 Guidance.

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Stocks Info

ATO belongs to the Utilities sector of the NYSE while operating in the Utilities – Regulated Gas industry. The current market capitalization of Atmos Energy Corp. is $17.76B. A total of 0.67 million shares were traded on the day, compared to an average of 858.76K shares.

In the most recent transaction, COCKLIN KIM R sold 15,000 shares of ATO for 116.46 per share on Mar 27 ’24. After the transaction, the Director now owns 186,339 company shares. In a previous transaction on Nov 17 ’23, THOMAS RICHARD M sold 1,750 shares at 114.20 per share. ATO shares that VICE PRESIDENT & CONTROLLER owns now total 2,650.

Among the insiders who sold shares, COCKLIN KIM R disposed of 12,500 shares on Nov 06 ’23 at a per-share price of $110.99. This resulted in the Director holding 199,972 shares of ATO after the transaction. In another insider transaction, COCKLIN KIM R sold 12,500 shares at $117.44 per share on Aug 07 ’23. Company shares held by the Director now total 212,472.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Atmos Energy Corp. pays an annual dividend of $3.09, resulting in a dividend yield of 2.62%, and it has a price to earnings (P/E) ratio of 18.70. ATO’s most recent ex-dividend date was 2/23/2024 when it declared a $0.8050 quarterly dividend that was paid in cash on 3/11/2024. Previously, the company paid the dividend on 12/11/2023 with an ex-dividend date of 11/24/2023. The ATO stock dividend was $0.8050 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, ATO has a high of $125.28 and a low of $101.00.

As of this writing, ATO has an earnings estimate of $2.61 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $2.77 per share and a lower estimate of $2.41. The company reported an EPS of $0.8 in the last quarter, which was 11.10% higher than expectations of $0.72.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. ATO’s latest balance sheet shows that the firm has $116.72M in Cash & Short Term Investments as of fiscal 2021. There were $7.56B in debt and $3.51B in liabilities at the time. Its Book Value Per Share was $74.74, while its Total Shareholder’s Equity was $7.91B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ATO is Buy with a score of 4.00.

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