Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Atmos (ATO) have what it takes?
Atmos (ATO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Atmos (ATO) have what it takes?
Atmos (ATO) reported earnings 30 days ago. What's next for the stock?
Rising competition from other clean energy sources and aging infrastructure can adversely impact the stock operating in the Gas Distribution industry. Yet, strong gas production and increasing demand from data centers will boost prospects of ATO, SWX, BIPC and OGS.
Atmos (ATO) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Atmos (ATO) have what it takes?
Atmos Energy remains a "Buy" for its stable, regulated business and credible 7%-8% long-term growth outlook. ATO benefits from Texas migration, strong customer growth, and favorable legislative changes supporting rapid cap-ex recovery. Raised FY24 EPS guidance to $8.40-$8.50, reflecting pipeline strength and high near-term visibility, with a 2.2% dividend yield and 42-year increase streak.
ATO's customer growth, new rate approvals and $4.2B FY26 capex plan support earnings and dividend hikes despite the recent share dip.
Consumer confidence fell in May as inflation fears rose; Atmos Energy, CMS Energy, New York Times and Tyson Foods offer defense.
Atmos (ATO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ATO, CMS, ED and AWR stand out as defensive utility picks as consumer sentiment weakens amid rising inflation and higher energy costs.