Atmos Energy (NYSE:ATO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, January 5th. The firm presently has a $94.00 price target on the utilities provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 17.50% from the stock’s previous close.
According to Zacks, “Atmos Energy Corporation, together with its subsidiaries, engages in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Regulated Distribution, Regulated Pipeline, and Nonregulated. The Regulated Distribution segment is involved in regulated natural gas distribution and related sales operations. This segment distributes natural gas to approximately 3 million residential, commercial, public authority, and industrial customers. The Regulated Pipeline segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas; and provides ancillary services in the pipeline industry. The Nonregulated segment provides natural gas management, marketing, transportation, and storage services to municipalities, local gas distribution companies, and industrial customers primarily in the Midwest and Southeast. “
Separately, JPMorgan Chase & Co. raised their price target on shares of Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. Atmos Energy presently has a consensus rating of “Buy” and an average price target of $89.20.
Shares of Atmos Energy (ATO) traded down $0.80 during trading hours on Friday, reaching $80.00. 617,700 shares of the company were exchanged, compared to its average volume of 540,737. The stock has a market cap of $8,850.00, a PE ratio of 22.16, a PEG ratio of 3.09 and a beta of 0.40. Atmos Energy has a one year low of $72.58 and a one year high of $93.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. During the same quarter in the previous year, the firm posted $0.40 earnings per share. equities research analysts predict that Atmos Energy will post 3.61 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Atmos Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock worth $852,294,000 after acquiring an additional 150,691 shares during the last quarter. BlackRock Inc. grew its holdings in Atmos Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock worth $799,314,000 after acquiring an additional 255,277 shares during the last quarter. Cohen & Steers Inc. grew its holdings in Atmos Energy by 9.0% in the 3rd quarter. Cohen & Steers Inc. now owns 1,326,551 shares of the utilities provider’s stock worth $111,218,000 after acquiring an additional 109,120 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in Atmos Energy by 22.3% in the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock worth $93,578,000 after acquiring an additional 205,735 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in Atmos Energy by 6.3% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,060,415 shares of the utilities provider’s stock worth $87,961,000 after acquiring an additional 62,854 shares during the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.
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Atmos Energy 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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