Jefferies Starts Atmos Energy (ATO) at Hold

Jefferies analyst Julian Dumoulin-Smith initiates coverage on Atmos Energy (NYSE: ATO) with a Hold rating and a price target of $155.00.

The analyst comments "We initiate coverage of Atmos (ATO) at Hold with a $155.00 PT and 13.8% TSR. Our '24-'28 EPS growth estimate at 7.2% CAGR is above Street's 6.3% and the 7.0% guidance midpoint. This is backed by our modeled 12% rate base growth and steady regulation, signaling sustained medium-term outperformance vs gas peers. In light of ATO's current sector-high premium, its growing bill inflation as well as cash taxpayer headwinds by '26, we launch at Hold."

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 $138.98 yesterday.

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