+ Watch ATO
on My Watchlist
The Company is engaged primarily in the natural gas utility business as well as other natural gas nonutility businesses.
Company recently sold stock to pay back debt. Debt could have easily been paid back by cutting back or eliminating the dividend.Dividend growth has been anemic: $.02 a year for the past 7 years.
Kind of hard to short a stock that shows an "anemic" 4% earnings growth and $.02 dividend growth year after year and transports most of the gas out of the Barnett Shale, isn't it?By the way, how are your other investments?
I suspect that, like me, a great number of ATO owners are in because of the stable and growing dividend. A cut back in the dividend to pay down debt would have driven lots of investors out of the stock, dropping the price. Notice the debt increase did not do that. Have been in this stock for years and love the fact that my dividends keep increasing while the stock price has been range bound, thereby increasing my share count and my dividend.
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ratings and Key Statistics provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions