ATO · NYSE · STOCK
Atmos Energy (ATO) Stock Analysis
$166.87
52W $160.10 – $192.51
48/100
$27.85B
19.7
0.60
Is ATO Bullish or Bearish?
Mixed.
Innellis AI committee rates Atmos Energy (ATO) Watch with a composite score of 48/100
, based on 6 analysts with 50% agreement.
Last updated August 23, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +12.15 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -7.85 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case. Technical Analyst remains cautious — price structure making lower highs and lower lows. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Dividend yield of 2.9% pays you to wait — Value
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- RSI at 26 is in oversold territory (could mean either capitulation or a bounce setup) — Technical
- MACD histogram negative -- bearish momentum — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
- Current ratio of 0.77 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 23, 2026
Overall Committee Score
48/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 80%
of 56 Utilities peers
Value Analyst
neutral
58
/ 100 · Moderate confidence
Fair value -- neither a bargain nor obviously overpriced
+ Dividend yield of 2.9% pays you to wait
Growth Analyst
bearish
38
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bearish
32
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.77 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
60
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
neutral
45
/ 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
Investment Thesis Evolution
Committee score moved marginally from 47.9 to 47.9.
Comparing 2026-08-22 to 2026-08-23 (1 day apart).
Technical Analysis
RSI (14)
26.3
Oversold
MACD Histogram
-0.227
Bearish Momentum
Trend Direction
Downtrend
Weekly: Sideways
Market Structure
Lh Ll
Support
$166.41
Resistance
$168.69
Bollinger %B
0.13
Inside Bands
Price vs Moving Averages
EMA 9
$169.87
Below
EMA 21
$171.49
Below
EMA 50
$173.45
Below
EMA 200
$173.55
Below
Fundamental Analysis
Valuation
88
Growth
53
Profitability
71
Financial Health
46
Cash Flow
15
Valuation
P/E Ratio
19.7×
P/B Ratio
1.84×
PEG Ratio
1.27
Dividend Yield
2.32%
52W High
$192.51
52W Low
$160.10
Quality & Growth
ROE
884.1%
ROA
414.7%
Gross Margin
6104.2%
Operating Margin
3697.0%
Revenue Growth YoY
—
Debt / Equity
0.67
AI Fundamental Assessment
P/E ratio of 19.7 (inexpensive relative to a 15-40x range); Price-to-book of 1.8x; PEG ratio of 1.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 8.8%; Return on assets of 4.1%; Net margin of 28.5%; Gross margin of 61.0%; Current ratio of 0.81 (tight short-term liquidity); Debt-to-equity of 0.67; Free cash flow per share is negative (-12.00); Most recent quarter beat estimates by 4.7%; 2 consecutive earnings beats; EPS growth decelerating (+42.2% -> -58.8% QoQ); Average YoY EPS growth of 23.3%; Analyst estimates falling over recent quarters
Get the Full ATO Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →