Atmos Energy Co. (NYSE:ATO) has earned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $93.17.
Several research analysts recently weighed in on ATO shares. Morgan Stanley upped their price target on Atmos Energy from $91.00 to $99.00 and gave the company an “equal weight” rating in a research report on Monday, July 16th. Zacks Investment Research lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. ValuEngine raised Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Barclays upped their price target on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a research report on Wednesday, July 11th. Finally, Seaport Global Securities reissued a “buy” rating and set a $98.00 price target on shares of Atmos Energy in a research report on Thursday, August 16th.
Shares of NYSE ATO opened at $92.61 on Wednesday. Atmos Energy has a 12 month low of $76.46 and a 12 month high of $98.40. The firm has a market cap of $10.44 billion, a PE ratio of 25.73, a P/E/G ratio of 3.66 and a beta of 0.09. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22.
Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.04). The firm had revenue of $562.25 million during the quarter, compared to analyst estimates of $622.30 million. During the same period last year, the company posted $0.67 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. On average, research analysts anticipate that Atmos Energy will post 3.95 earnings per share for the current fiscal year.
In other Atmos Energy news, Director Nancy K. Quinn sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Richard W. Douglas sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the transaction, the insider now directly owns 6,292 shares in the company, valued at $585,407.68. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. NEXT Financial Group Inc acquired a new position in Atmos Energy in the 3rd quarter worth about $115,000. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Atmos Energy during the 3rd quarter valued at about $310,000. Rockland Trust Co. acquired a new position in shares of Atmos Energy during the 3rd quarter valued at about $201,000. Old Port Advisors acquired a new position in shares of Atmos Energy during the 2nd quarter valued at about $1,045,000. Finally, Northern Trust Corp increased its holdings in shares of Atmos Energy by 1.6% during the 2nd quarter. Northern Trust Corp now owns 949,457 shares of the utilities provider’s stock valued at $85,585,000 after acquiring an additional 15,028 shares during the last quarter. 74.57% of the stock is currently owned by institutional investors.
Atmos Energy Company Profile
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
Featured Article: What is a conference call?
Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.