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Atmos Energy (ATO)

Atmos Energy Corporation is the nation's largest fully regulated, natural gas-only distributor of safe, clean, efficient and affordable energy. As part of its vision to be the safest provider of natural gas services, the company is modernizing its business and its infrastructure while continuing to invest in safety, innovation, environmental sustainability and its communities. An S&P 500 company headquartered in Dallas, Atmos Energy serves more than 3 million distribution customers in over 1,400 communities across eight states and manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas.

Company profile

Ticker
ATO
Exchange
CEO
John Akers
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Subsidiaries
ATMOS ENERGY HOLDINGS, INC. • (wholly owned by Atmos Energy • BLUE FLAME INSURANCE SERVICES, LTD • ATMOS ENERGY • (a limited • (wholly owned by Atmos Energy Holdings • EGASCO, LLC • ATMOS POWER SYSTEMS, INC. • ATMOS PIPELINE AND STORAGE, LLC • UCG STORAGE, INC. ...
IRS number
751743247

ATO stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$122.00
Low target
$115.00
High target
$129.00
Morgan Stanley
Maintains
Overweight
$129.00
21 Jul 22
Barclays
Maintains
Equal-Weight
$115.00
18 Jul 22

Calendar

3 Aug 22
18 Aug 22
30 Sep 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Sep 21 Sep 20 Sep 19 Sep 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 328.08M 328.08M 328.08M 328.08M 328.08M 328.08M
Cash burn (monthly) 84.81M 16.38M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 139.78M 27M n/a n/a n/a n/a
Cash remaining 188.3M 301.08M n/a n/a n/a n/a
Runway (months of cash) 2.2 18.4 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jun 22 John C. Ale Phantom Stock Units Common Stock Grant Acquire A No No 106.63 1,000 106.63K 1,000
6 May 22 Akers John K Common Stock Payment of exercise Dispose F No No 114.33 1,462 167.15K 45,713.199
6 May 22 Akers John K Common Stock Option exercise Acquire M No No 114.33 3,950 451.6K 47,175.199
6 May 22 Akers John K RSU Common Stock Option exercise Dispose M No No 0 3,950 0 37,025
6 May 22 Cocklin Kim R Common Stock Payment of exercise Dispose F No No 114.33 4,746 542.61K 236,579.605
6 May 22 Cocklin Kim R Common Stock Option exercise Acquire M No No 114.33 12,825 1.47M 241,325.605
6 May 22 Cocklin Kim R RSU Common Stock Option exercise Dispose M No No 0 12,825 0 14,330
6 May 22 Hartsfield Karen E Common Stock Payment of exercise Dispose F No No 114.33 1,133 129.54K 14,622.716
6 May 22 Hartsfield Karen E Common Stock Option exercise Acquire M No No 114.33 2,885 329.84K 15,755.716
6 May 22 Hartsfield Karen E RSU Common Stock Option exercise Dispose M No No 0 2,885 0 8,330
88.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 593 600 -1.2%
Opened positions 70 85 -17.6%
Closed positions 77 51 +51.0%
Increased positions 255 232 +9.9%
Reduced positions 173 176 -1.7%
13F shares Current Prev Q Change
Total value 13.83B 14.88B -7.1%
Total shares 123.35M 124.93M -1.3%
Total puts 13.1K 47.9K -72.7%
Total calls 74.9K 205.8K -63.6%
Total put/call ratio 0.2 0.2 -24.9%
Largest owners Shares Value Change
Vanguard 17.61M $1.97B +3.8%
BLK Blackrock 13.52M $1.52B +0.2%
STT State Street 10.43M $1.17B -3.2%
Aristotle Capital Management 10.02M $1.12B -0.6%
DB Deutsche Bank AG - Registered Shares 4.92M $551.28M +14.9%
GQG Partners 4.42M $495.22M +2.4%
American Century Companies 3.5M $392.22M -11.6%
IVZ Invesco 2.86M $320.76M +3.8%
Geode Capital Management 2.86M $319.93M +5.7%
NTRS Northern Trust 1.6M $179.75M +4.2%
Largest transactions Shares Bought/sold Change
LGEN Legal & General 0 -1.88M EXIT
Magellan Asset Management 102.55K -968.44K -90.4%
Mitsubishi UFJ Trust & Banking 82.18K -744.78K -90.1%
Vanguard 17.61M +645.98K +3.8%
DB Deutsche Bank AG - Registered Shares 4.92M +636.81K +14.9%
Zimmer Partners 634.7K +634.7K NEW
American Century Companies 3.5M -457.74K -11.6%
Parametric Portfolio Associates 0 -435.85K EXIT
Cooke & Bieler 1.44M -415.73K -22.5%
SPF Beheer BV 739.53K -400.67K -35.1%

Financial report summary

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Risks
  • We are subject to federal, state and local regulations that affect our operations and financial results.
  • Some of our operations are subject to increased federal regulatory oversight that could affect our operations and financial results.
  • We may experience increased federal, state and local regulation of the safety of our operations.
  • Greenhouse gas emissions or other legislation or regulations intended to address climate change could increase our operating costs, adversely affecting our financial results, growth, cash flows and results of operations.
  • We may incur significant costs and liabilities resulting from pipeline integrity and other similar programs and related repairs.
  • Distributing, transporting and storing natural gas involve risks that may result in accidents and additional operating costs.
  • If contracted gas supplies, interstate pipeline and/or storage services are not available or delivered in a timely manner, our ability to meet our customers’ natural gas requirements may be impaired and our financial condition may be adversely affected.
  • Our operations are subject to increased competition.
  • Adverse weather conditions could affect our operations or financial results.
  • The operations and financial results of the Company could be adversely impacted as a result of climate change.
  • The inability to continue to hire, train and retain operational, technical and managerial personnel could adversely affect our results of operations.
  • Increased dependence on technology may hinder the Company’s business operations and adversely affect its financial condition and results of operations if such technologies fail.
  • Cyber-attacks or acts of cyber-terrorism could disrupt our business operations and information technology systems or result in the loss or exposure of confidential or sensitive customer, employee or Company information.
  • Natural disasters, terrorist activities or other significant events could adversely affect our operations or financial results.
  • Our growth in the future may be limited by the nature of our business, which requires extensive capital spending.
  • The Company is dependent on continued access to the credit and capital markets to execute our business strategy.
  • We are exposed to market risks that are beyond our control, which could adversely affect our financial results.
  • The concentration of our operations in the State of Texas exposes our operations and financial results to economic conditions, weather patterns and regulatory decisions in Texas.
  • A deterioration in economic conditions could adversely affect our customers and negatively impact our financial results.
  • Increased gas costs could adversely impact our customer base and customer collections and increase our level of indebtedness.
  • The costs of providing health care benefits, pension and postretirement health care benefits and related funding requirements may increase substantially.
  • The outbreak of COVID-19 or any other pandemic and their impact on business and economic conditions could negatively affect our business, results of operations and financial condition.
Management Discussion
  • Atmos Energy strives to operate our businesses safely and reliably while delivering superior shareholder value. Our commitment to modernizing our natural gas distribution and transmission systems requires a significant level of capital spending. We have the ability to begin recovering a significant portion of these investments timely through rate designs and mechanisms that reduce or eliminate regulatory lag and separate the recovery of our approved rate from customer usage patterns. The execution of our capital spending program, the ability to recover these investments timely and our ability to access the capital markets to satisfy our financing needs are the primary drivers that affect our financial performance.

Content analysis

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H.S. sophomore Avg
New words: ARM, center, commence, EDIT, fourth, hydrostatic, lease, life, NaN, RSC, tighter
Removed: hydro, tightening