NYSE:ATOGas Utilities
Atmos Energy (ATO) Stock Holds Firm As Rate Growth Powers Outlook
Atmos Energy stock barely flinched after earnings, slipping only 0.2% to about US$171. That muted move stands in sharp contrast to the scale of what just hit the tape. Fiscal year to date, Atmos Energy has already delivered US$1.2b in net income and US$7.33 in diluted EPS, and management is keeping full year EPS guidance intact at US$8.40 to US$8.50.
Short term traders saw a flat chart. Long term investors saw a regulated gas utility committing roughly US$4.2b of capital this year and...