In the utilities sector, Atmos Energy (ATO) continues to make headlines for its strong performance this year. Argus has twice increased Atmos stock's price target to $165, attributing the hike to the company's strong fundamentals. However, some warn the rising stock price could expose risks. Some industry experts advise investing cautiously, urging potential investors to 'nibble' not 'gorge' just yet.
The company has consistently delivered dividends, making it an attractive choice for portfolio inclusion. It is also considered a valuable defensive stock in the face of market volatility. A number of analysts have expressed bullish sentiments on Atmos Energy's revenues. The company made a decade-long investor happy as a $1000 investment made ten years prior would have substantially increased in value.
It has outperformed NASDAQ and shows potential for early retirement portfolios. Despite a peak stock price of $157.63, Citi has again raised its target to $163, attributing it to growth in Texas. The financial performance of this natural gas giant has been applauded with a regular increase in dividends and customer base, but experts warn that the growth plan is already reflected in the current valuation.
On a downside note, mood's rating has downgraded ATO, though Forbes has named the corporation as an Elite Employer in utilities. Meanwhile, BlackRock has decreased its stake in the corporation, as has Ameriprise Financial.
Atmos Energy Stocks ATO News Analytics from Tue, 26 May 2009 02:17:54 GMT to Fri, 06 Jun 2025 06:31:21 GMT - Rating 8 - Innovation 3 - Information 8 - Rumor -7
