Barclays Raises Atmos Energy (ATO) Price Target to $184, Maintains Equal Weight Rating

Barclays has increased its price target for Atmos Energy (ATO) to $184 from $167, while maintaining an Equal Weight rating on the stock. The upward revision follows a strong financial performance in the fourth quarter of 2025, where diluted earnings per share (EPS) rose 9.4% year-over-year to $2.44. This growth was primarily driven by strategic rate hikes, steady customer expansion, and increased load demand across its service areas. Furthermore, the company remains on track with its ambitious $4.2 billion capital spending plan, reinforcing its long-term infrastructure goals. Management also reaffirmed its EPS guidance for fiscal year 2026, signaling confidence in the utility provider's operational stability. The adjustment comes as analysts preview the utilities sector's first-quarter earnings, highlighting Atmos Energy's robust position within the industry.