We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Atmos Energy (ATO) Stock Outpacing Its Utilities Peers This Year?
Read MoreHide Full Article
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Atmos Energy (ATO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Atmos Energy is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Atmos Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATO's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATO has moved about 9.3% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 9% on average. This shows that Atmos Energy is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is UGI (UGI - Free Report) . The stock is up 25.4% year-to-date.
For UGI, the consensus EPS estimate for the current year has increased 3.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmos Energy belongs to the Utility - Gas Distribution industry, a group that includes 14 individual stocks and currently sits at #38 in the Zacks Industry Rank. Stocks in this group have lost about 2.6% so far this year, so ATO is performing better this group in terms of year-to-date returns. UGI is also part of the same industry.
Going forward, investors interested in Utilities stocks should continue to pay close attention to Atmos Energy and UGI as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Atmos Energy (ATO) Stock Outpacing Its Utilities Peers This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Atmos Energy (ATO - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.
Atmos Energy is one of 109 individual stocks in the Utilities sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Atmos Energy is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for ATO's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
According to our latest data, ATO has moved about 9.3% on a year-to-date basis. Meanwhile, stocks in the Utilities group have gained about 9% on average. This shows that Atmos Energy is outperforming its peers so far this year.
One other Utilities stock that has outperformed the sector so far this year is UGI (UGI - Free Report) . The stock is up 25.4% year-to-date.
For UGI, the consensus EPS estimate for the current year has increased 3.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Atmos Energy belongs to the Utility - Gas Distribution industry, a group that includes 14 individual stocks and currently sits at #38 in the Zacks Industry Rank. Stocks in this group have lost about 2.6% so far this year, so ATO is performing better this group in terms of year-to-date returns. UGI is also part of the same industry.
Going forward, investors interested in Utilities stocks should continue to pay close attention to Atmos Energy and UGI as they could maintain their solid performance.