Shares of Atmos Energy Co. (NYSE:ATO) have earned a consensus rating of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $105.50.
Several analysts have issued reports on the company. Morgan Stanley cut their price objective on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Co assumed coverage on Atmos Energy in a research note on Monday, July 15th. They set an “outperform” rating and a $119.00 price objective on the stock. Finally, Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research note on Wednesday, July 24th.
Institutional investors have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in Atmos Energy by 153.1% in the 2nd quarter. Invesco Ltd. now owns 2,132,008 shares of the utilities provider’s stock worth $225,055,000 after buying an additional 1,289,585 shares in the last quarter. Atria Investments LLC bought a new position in Atmos Energy in the 2nd quarter worth approximately $1,734,000. Ronna Sue Cohen grew its holdings in Atmos Energy by 10,247.3% in the 1st quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock worth $752,000 after buying an additional 745,079 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in Atmos Energy by 950.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 765,991 shares of the utilities provider’s stock worth $80,858,000 after buying an additional 693,076 shares in the last quarter. Finally, Luminus Management LLC grew its holdings in Atmos Energy by 293.1% in the 2nd quarter. Luminus Management LLC now owns 893,511 shares of the utilities provider’s stock worth $94,319,000 after buying an additional 666,193 shares in the last quarter. Institutional investors and hedge funds own 83.26% of the company’s stock.
NYSE ATO traded up $1.07 on Monday, hitting $110.44. 674,000 shares of the stock traded hands, compared to its average volume of 672,007. The stock has a 50-day moving average of $107.72 and a 200 day moving average of $102.85. Atmos Energy has a twelve month low of $87.88 and a twelve month high of $110.93. The company has a market capitalization of $13.05 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 3.75 and a beta of 0.22. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63.
Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm had revenue of $485.74 million for the quarter, compared to analysts’ expectations of $681.16 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Atmos Energy’s revenue for the quarter was down 13.6% compared to the same quarter last year. As a group, equities research analysts expect that Atmos Energy will post 4.34 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 9th. Stockholders of record on Monday, August 26th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Friday, August 23rd. Atmos Energy’s payout ratio is 52.50%.
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 the regulated natural gas distribution and related sales operations in eight states.
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