10 Oversold Dividend Growth Stocks to Buy

8. Atmos Energy Corporation (NYSE:ATO)

Relative Strength Index: 28.97

5-Year Dividend Growth Rate: 10.02%

On May 29, Mizuho lowered its price recommendation on Atmos Energy Corporation (NYSE:ATO) to $184 from $192. It reiterated a Neutral rating on the stock. The firm attributed the target reduction to lower valuation multiples across the utility sector.

During the fiscal Q2 2026 earnings call, CEO John Akers said the company generated year-to-date fiscal 2026 net income of $985 million, or $5.92 per diluted share. He also noted that management had updated its earnings guidance and now expected full-year EPS to be between $8.40 and $8.50.

Akers pointed to the company’s continued infrastructure investment, stating that capital expenditures totaled $2 billion during the first half of the fiscal year. He said more than 89% of that spending was allocated to projects aimed at improving the safety and reliability of the company’s distribution, transmission, and underground storage systems.

Addressing customer growth, Akers said the company added more than 51,000 new customers during the 12 months ended March 31, 2026. More than 39,000 of those additions came from Texas, highlighting the state’s role in the company’s long-term growth plans.

Atmos Energy Corporation (NYSE:ATO) is a natural gas-only distributor serving more than 3.3 million customers across over 1,400 communities in eight states, primarily in the southern United States.