Ladenburg Thalmann Downgrades Atmos Energy (ATO) to Neutral, 'we see limited room for further relative outperformance'

Ladenburg Thalmann analyst Stephen D\'Ambrisi downgraded Atmos Energy (NYSE: ATO) from Buy to Neutral with a price target of $163.00.

The analyst comments "ATO raised its 2025 EPS guidance for the second time this year to $7.35–$7.45, up from $7.20–$7.30, citing strong year-to-date performance across both its distribution and pipeline & storage segments, along with an expected $0.10 benefit in Q4 from Texas HB 4384. In light of this operational strength and improved regulatory visibility, we are raising our 2025–2028 EPS estimates. However, with the stock now trading at a 26.8% premium to consensus estimates we see limited room for further relative outperformance. As a result, we are lowering our rating to Neutral based on valuation."

For an analyst ratings summary and ratings history on Atmos Energy click here. For more ratings news on Atmos Energy click here.

Shares of Atmos Energy closed at $162.72 yesterday.

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