Atmos Energy Co. (NYSE:ATO) Declares Quarterly Dividend of $0.53

Atmos Energy Co. (NYSE:ATO) declared a quarterly dividend on Wednesday, August 7th, NASDAQ reports. Stockholders of record on Monday, August 26th will be given a dividend of 0.525 per share by the utilities provider on Monday, September 9th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date is Friday, August 23rd.

Atmos Energy has raised its dividend payment by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 36 consecutive years. Atmos Energy has a payout ratio of 53.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Atmos Energy to earn $4.63 per share next year, which means the company should continue to be able to cover its $2.10 annual dividend with an expected future payout ratio of 45.4%.

ATO stock opened at $109.37 on Friday. The firm has a 50 day moving average of $107.61 and a 200-day moving average of $102.81. The firm has a market capitalization of $12.89 billion, a P/E ratio of 27.34, a price-to-earnings-growth ratio of 3.77 and a beta of 0.22. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63. Atmos Energy has a 12 month low of $87.88 and a 12 month high of $110.93.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.68. The business had revenue of $485.74 million for the quarter, compared to the consensus estimate of $681.16 million. Atmos Energy had a net margin of 16.94% and a return on equity of 9.38%. Atmos Energy’s quarterly revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. Sell-side analysts predict that Atmos Energy will post 4.34 EPS for the current year.

Several research firms have commented on ATO. Wells Fargo & Co began coverage on shares of Atmos Energy in a research note on Monday, July 15th. They set an “outperform” rating and a $119.00 price target on the stock. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $104.00.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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Dividend History for Atmos Energy (NYSE:ATO)

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