Atmos Energy (NYSE:ATO) had its price target lowered by Argus from $97.00 to $89.00 in a report published on Thursday. The firm currently has a buy rating on the utilities provider’s stock.
Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Atmos Energy from a hold rating to a sell rating in a research report on Tuesday. JPMorgan Chase & Co. raised their target price on Atmos Energy from $91.00 to $94.00 and gave the stock an overweight rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $87.60.
Shares of Atmos Energy (ATO) traded up $0.14 on Thursday, hitting $80.83. The stock had a trading volume of 837,142 shares, compared to its average volume of 644,492. Atmos Energy has a one year low of $72.58 and a one year high of $93.56. The company has a market cap of $8,970.00, a PE ratio of 22.39, a price-to-earnings-growth ratio of 3.01 and a beta of 0.40. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. During the same period in the prior year, the firm earned $0.40 earnings per share. research analysts anticipate that Atmos Energy will post 3.61 earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the stock. Toronto Dominion Bank raised its position in Atmos Energy by 13.6% during the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 155 shares during the last quarter. Advisor Group Inc. raised its position in Atmos Energy by 4.0% during the 2nd quarter. Advisor Group Inc. now owns 4,286 shares of the utilities provider’s stock worth $356,000 after purchasing an additional 164 shares during the last quarter. HighTower Advisors LLC raised its position in Atmos Energy by 3.0% during the 2nd quarter. HighTower Advisors LLC now owns 15,823 shares of the utilities provider’s stock worth $1,310,000 after purchasing an additional 455 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in Atmos Energy by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 37,803 shares of the utilities provider’s stock worth $3,135,000 after purchasing an additional 634 shares during the last quarter. Finally, Horizon Investment Services LLC raised its position in Atmos Energy by 5.7% during the 2nd quarter. Horizon Investment Services LLC now owns 11,781 shares of the utilities provider’s stock worth $977,000 after purchasing an additional 638 shares during the last quarter. 67.70% of the stock is 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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