Atmos Energy (NYSE:ATO) had its price objective increased by JPMorgan Chase from $87.00 to $90.00 in a report released on Tuesday morning. JPMorgan Chase currently has a buy rating on the utilities provider’s stock.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of Atmos Energy from a hold rating to a buy rating and set a $103.00 price objective for the company in a research note on Tuesday, December 12th. Argus dropped their price objective on shares of Atmos Energy from $97.00 to $89.00 and set a buy rating for the company in a research note on Thursday, January 18th. Bank of America reissued a buy rating on shares of Atmos Energy in a research note on Tuesday, February 27th. Finally, Barclays set a $80.00 price objective on shares of Atmos Energy and gave the stock an underweight rating in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $85.20.
Shares of NYSE:ATO opened at $82.68 on Tuesday. Atmos Energy has a 52 week low of $76.46 and a 52 week high of $93.56. The firm has a market capitalization of $9,302.74, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 3.02 and a beta of 0.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.81 and a quick ratio of 0.64.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.27. During the same quarter in the previous year, the firm earned $1.08 earnings per share. research analysts expect that Atmos Energy will post 3.97 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in ATO. Zimmer Partners LP bought a new stake in shares of Atmos Energy in the 4th quarter worth about $173,927,000. Deutsche Bank AG lifted its holdings in shares of Atmos Energy by 364.1% in the 4th quarter. Deutsche Bank AG now owns 853,459 shares of the utilities provider’s stock worth $73,298,000 after acquiring an additional 669,556 shares during the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of Atmos Energy in the 4th quarter worth about $38,917,000. Luminus Management LLC bought a new stake in shares of Atmos Energy in the 4th quarter worth about $34,965,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of Atmos Energy by 154.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 657,907 shares of the utilities provider’s stock worth $56,508,000 after acquiring an additional 398,996 shares during the last quarter. Hedge funds and other institutional investors own 72.85% of the company’s stock.
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About Atmos Energy
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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