Atmos Energy Corporation (ATO) is outperforming its utilities peers in the current financial year. The stock, often praised as a great dividend prospect, is deemed a top-notch value investment, seen as a strong growth stock, a momentum stock, and offers a fair valuation. Notably, its
Q2 and
Q3 earnings outpaced estimates, while its sales have also seen an upsurge year over year. Not just that, notable entities like TD Asset Management Inc, Cooke & Bieler LP, Natixis Advisors LLC, and many more raised their stock holdings, underlining the rising confidence among investors. Reports also showed that its share price hit a new 1-year high at $132.67, and those who invested three years ago saw a 24% increase.
However, not everything is golden for ATO. It's been observed it has taken on some risk with its use of debt. There are concerns over the stock's overpricing which may affect investor popularity. A negative highlight was a director's sale of 15,000 shares. The forecast and price target for 2024 look promising, nonetheless, caution is advised.
Atmos Energy Stocks ATO News Analytics from Tue, 26 Feb 2013 08:00:00 GMT to Sun, 08 Sep 2024 00:02:48 GMT -
Rating 7
- Innovation 0
- Information 8
- Rumor -1
