Atmos Energy Corp
Atmos Energy Corp (ATO) is listed on NYSE and classified in Utilities - Regulated Gas, part of the Utilities sector. It is headquartered in Dallas, United States and has 5,487 employees. The company is worth $29.39B and trades at 20.7x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $4.7B in fiscal 2025, up 12.9% from the year before. Net income was $1.2B. The share price is 9.7% below its 52-week high of $192.51. It pays a dividend yielding 2.30%, and has raised its annual dividend for 28 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $408.95M. In that quarter, 6 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +85.3% over 5Y.
today you would have $2,055.67▲ +105.6%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 18 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $167.63 | $139.27 | $115.90 | $112.07 | $104.77 | $95.43 | $111.86 | $92.72 | $85.89 | $74.15 | $63.04 | $55.74 | $45.42 | $35.12 | $33.35 | $31.20 | $29.40 | $23.70 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 8.8% a year plus a 2.3% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 19.3 across this company’s own years on record.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 4.6% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| FTSFortis Inc. | $57.88 | 22.8x | 1.8x | 3.20% | 7.47% | $29.57B |
| BIPBrookfield Infrastructure Partners L.P. | $37.45 | 60.4x | 3.9x | 4.86% | 7.69% | $29.65B |
| AEEAmeren Corp | $108.94 | 18.8x | 2.2x | 2.75% | 11.94% | $30.16B |
| AWKAmerican Water Works Company, Inc. | $143.23 |
| P/E | 19.3x | 22.5x | 20.4x | 19.0x | 20.0x | 20.5x | 19.5x | 25.7x | 17.1x | 23.0x | 21.9x | 20.4x | 18.8x | 17.2x | 14.8x | 14.7x | 14.2x | 14.2x | 11.8x |
| P/S | 3.3x | 5.8x | 5.2x | 4.0x | 3.8x | 4.1x | 4.3x | 4.6x | 3.3x | 3.3x | 3.1x | 2.2x | 1.1x | 1.1x | 0.9x | 0.7x | 0.6x | 0.6x | — |
| P/B | 1.8x | 2.0x | 1.8x | 1.6x | 1.7x | 1.8x | 1.8x | 2.3x | 2.2x | 2.3x | 2.2x | 2.0x | 1.8x | 1.6x | 1.3x | 1.3x | 1.3x | 1.2x | 1.0x |
| EPS | $7.46 | $6.83 | $6.10 | $5.60 | $5.12 | $4.89 | $4.35 | $5.43 | $3.73 | $3.38 | $3.09 | $2.96 | $2.64 | $2.37 | $2.27 | $2.20 | $2.07 | $2.00 |
| Dividend yield | 2.50% | 2.15% | 2.36% | 2.61% | 2.48% | 2.44% | 2.46% | 1.92% | 2.14% | 2.14% | 2.31% | 2.52% | 2.69% | 3.13% | 3.94% | 4.09% | 4.31% | 4.51% | 5.51% |
| Payout | 50.25% | 48.39% | 48.10% | 49.59% | 49.64% | 49.90% | 48.06% | 49.43% | 36.46% | 49.20% | 50.59% | 51.46% | 50.68% | 53.79% | 58.44% | 60.13% | 61.14% | 64.01% | 65.09% |
| Profit margin | 14.36% | 25.49% | 25.04% | 20.72% | 18.43% | 19.53% | 21.32% | 17.62% | 19.36% | 14.36% | 14.26% | 10.76% | 5.87% | 6.28% | 6.31% | 4.84% | 4.42% | 3.92% | — |
| ROE | 9.04% | 8.84% | 8.58% | 8.15% | 8.22% | 8.42% | 8.86% | 8.89% | 12.64% | 10.17% | 10.11% | 9.86% | 9.39% | 9.42% | 9.19% | 9.20% | 9.45% | 8.77% | 8.79% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-17.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 24.8x |
| 2.4x |
| 2.50% |
| 10.10% |
| $28.46B |
| DTEDTE Energy Co | $133.06 | 21.1x | 2.3x | 3.50% | 11.03% | $27.69B |
| CNPCenterpoint Energy Inc | $41.20 | 23.8x | 2.3x | 2.33% | 9.82% | $27.14B |