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Investing.com - Ladenburg Thalmann downgraded Atmos Energy (NYSE:ATO) from Buy to Neutral on Friday, while maintaining a price target of $163.00. The stock, currently trading near its 52-week high with a market capitalization of $26.31 billion, has delivered an impressive 18.17% return year-to-date according to InvestingPro data.
The downgrade comes despite Atmos Energy raising its 2025 EPS guidance for the second time this year to $7.35-$7.45, up from $7.20-$7.30 previously.
The company cited strong year-to-date performance across both its distribution and pipeline & storage segments as reasons for the improved outlook, along with an expected $0.10 benefit in the fourth quarter from Texas HB 4384.
Ladenburg Thalmann has raised its 2025-2028 EPS estimates for Atmos Energy in response to the operational strength and improved regulatory visibility.
The downgrade is primarily based on valuation concerns, with Ladenburg Thalmann noting the stock now trades at a 26.8% premium to consensus estimates, leaving limited room for further relative outperformance.
In other recent news, Atmos Energy Corporation announced its third-quarter earnings for fiscal year 2025, aligning with analysts’ expectations with an earnings per share (EPS) of $1.16. The company exceeded revenue forecasts, reporting $838.77 million compared to the anticipated $821.21 million. These financial results reflect the company’s ability to meet market expectations and deliver solid revenue performance. While there were no mergers or acquisitions reported, these earnings results are a significant development for investors. Analyst firms have not issued any recent upgrades or downgrades for Atmos Energy. The company’s performance continues to be under scrutiny as it navigates the market conditions. Investors will be watching closely for any further announcements or changes in analyst ratings.
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