Atmos Energy Corporation (NYSE:ATO) has been assigned a consensus rating of “Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $85.67.
Several research firms have issued reports on ATO. J P Morgan Chase & Co boosted their price target on Atmos Energy Corporation from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 price target (up previously from $67.00) on shares of Atmos Energy Corporation in a report on Friday, September 1st. Argus boosted their price target on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Barclays PLC set a $84.00 price target on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th.
In other Atmos Energy Corporation news, Director Richard A. Sampson acquired 1,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $264,360. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.57% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Prudential Financial Inc. lifted its position in shares of Atmos Energy Corporation by 12.8% in the second quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock worth $69,580,000 after buying an additional 95,248 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Atmos Energy Corporation by 5.3% in the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock worth $39,181,000 after buying an additional 23,724 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Atmos Energy Corporation by 8.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 320,214 shares of the utilities provider’s stock worth $25,294,000 after buying an additional 25,769 shares in the last quarter. Swiss National Bank lifted its position in shares of Atmos Energy Corporation by 4.2% in the second quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock worth $31,836,000 after buying an additional 15,400 shares in the last quarter. Finally, Mutual of America Capital Management LLC lifted its position in shares of Atmos Energy Corporation by 2.1% in the second quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock worth $7,060,000 after buying an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.
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Atmos Energy Corporation (NYSE ATO) traded up 1.08% during mid-day trading on Wednesday, hitting $87.29. The company’s stock had a trading volume of 271,893 shares. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $89.00. The stock has a market cap of $9.26 billion, a P/E ratio of 23.38 and a beta of 0.38. The company’s 50 day moving average is $85.84 and its 200-day moving average is $84.59.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period in the prior year, the firm posted $0.64 EPS. On average, equities analysts predict that Atmos Energy Corporation will post $3.61 EPS for the current fiscal year.
Atmos Energy Corporation Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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