Atmos Energy

ATO · NYSE

$167.13+$2.39 (+1.45%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $164.74

ATO analyst rating

HoldConsensus of 11 analysts over the last 12 months. 18% rate it a buy.

Strong buy0
Buy2
Hold9
Underperform0
Sell0

12-month price target · 13 analysts

Average $189.14 (+13.2% upside)

Low: $168.67
Now: $167.13
High: $216.30

Upgrades and downgrades

The latest rating actions, newest first

ATO analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Truist Securities	Oct 15, 2026	Maintains	Hold	$179.00 → $174.00	42%
Argus Research	Oct 6, 2026	Maintains	Buy	$185.00	47%
Jefferies	Oct 1, 2026	Maintains	Hold	$173.00 → $167.00	58%
Morgan Stanley	Sep 18, 2026	Maintains	Equal-Weight	$190.00 → $179.00	58%
JP Morgan	Sep 11, 2026	Downgrade	Overweight → Neutral	$198.00 → $180.00	57%
Morgan Stanley	Aug 21, 2026	Maintains	Equal-Weight	$196.00 → $190.00	58%
Truist Securities	Aug 13, 2026	Maintains	Hold	$188.00 → $179.00	42%
Truist Securities	Jul 17, 2026	Maintains	Hold	$187.00 → $188.00	42%
JP Morgan	Jul 14, 2026	Maintains	Overweight	$196.00 → $198.00	57%
Barclays	Jul 14, 2026	Maintains	Equal-Weight	$184.00 → $183.00	51%

The case for and against

Updated Jun 5, 2024

Bull case

Atmos Energy is a strong investment due to its presence in economically healthy states, such as Texas, where it has a significant customer base and a well-established pipeline network. With a fully regulated business model and a strong balance sheet, the company is able to weather industry challenges and continue to grow its rate base and earnings at a steady pace. Additionally, its proactive approach to equity fundraising and advanced preparation for capital needs demonstrate strong management and strategic planning.

Bear case

Atmos Energy is facing challenges in its growth potential as its FY2024 guidance implies a lower growth rate of 6.1% compared to its historical average of 6-8%. Additionally, its relative cost of acquisition has been deemed unattractive, and industry headwinds have led to a decrease in its forward P/E multiple. While the company's valuation may still be at a premium compared to its peers, the persisting macro pressures indicate potential challenges in the immediate term.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.