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Atmos Energy Corporation (NYSE:ATO) is included among the 13 Best Consistent Dividend Stocks to Buy Now.
On October 22, Morgan Stanley analyst David Arcaro increased the firm’s price target on Atmos Energy Corporation (NYSE:ATO) from $167 to $181 while maintaining an Overweight rating on the stock, according to a report by The Fly. The firm said it was revising its price targets for North American Regulated & Diversified Utilities and Independent Power Producers under its coverage. It also noted that utilities outperformed the broader market in September and added that heading into the third quarter, investors are likely to focus on the development of data center pipelines and updates on interconnection timelines.
During Atmos Energy Corporation (NYSE:ATO)’s second-quarter earnings call, President and CEO John Kevin Akers mentioned a new contract to transport natural gas to a data center in the Abilene area. The project, managed by Atmos Pipeline-Texas (APT), is expected to supply roughly 30 billion cubic feet of gas annually once fully operational by the end of the year.
The report also pointed out that commercial customer growth remained strong, with about 575 new connections in the second quarter and more than 2,500 new connections so far in the fiscal year.
Atmos Energy Corporation (NYSE:ATO), headquartered in Texas, is a leading natural gas distributor focused on delivering reliable energy services while continuing to invest in infrastructure modernization and safety initiatives.
While we acknowledge the potential of ATO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts and 15 Dividend Growth Stocks with the Highest Growth Rates
Disclosure: None.
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