We are increasing our Atmos fair value estimate to $119 per share from $113 after Atmos reported first-half fiscal-year earnings of $4.93, up from $4.40 in the same year-ago period.
Constructive regulation allows Atmos to adjust customer rates within six months for about 90% of capital investments. This reduces regulatory lag and, combined with customer growth, allows Atmos to earn returns at or above allowed returns.
Dividend-paying stocks like Atmos are sensitive to interest rates. As interest rates go up, dividend-paying stocks often underperform the broader market.
|
Metric
|
ATO
|
NI
|
NJR
|
|---|---|---|---|
Price/Earnings (Normalized) | 17.35 | 17.94 | 16.94 |
Price/Book Value | 1.50 | 1.60 | 1.96 |
Price/Sales | 4.25 | 2.41 | 2.47 |
Price/Cash Flow | 9.85 | 6.97 | 10.43 |
|
Metric
|
ATO
|
NI
|
NJR
|
|---|---|---|---|
Quick Ratio | 0.81 | 0.32 | 0.35 |
Current Ratio | 1.36 | 0.66 | 0.70 |
Interest Coverage | 7.81 | 2.68 | 3.27 |
|
Metric
|
ATO
|
NI
|
NJR
|
|---|---|---|---|
Return on Assets (Normalized) | 4.17% | 2.51% | 3.84% |
Return on Equity (Normalized) | 8.66% | 10.52% | 12.23% |
Return on Invested Capital (Normalized) | 6.03% | 5.28% | 6.77% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
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|
Market Cap
|
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