Shares of Atmos Energy Corp. (NYSE:ATO) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $79.00.

A number of research firms have commented on ATO. Zacks Investment Research raised Atmos Energy Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Citigroup Inc. raised their price target on Atmos Energy Corp. from $58.00 to $81.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, JPMorgan Chase & Co. decreased their price target on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, August 5th.

In other Atmos Energy Corp. news, Director Thomas C. Meredith sold 1,020 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $75.24, for a total transaction of $76,744.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Louis P. Gregory sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $78.10, for a total value of $312,400.00. Following the sale, the senior vice president now directly owns 82,182 shares in the company, valued at $6,418,414.20. The disclosure for this sale can be found here. Company insiders own 1.49% of the company’s stock.

Large investors have recently modified their holdings of the company. Bessemer Group Inc. boosted its stake in shares of Atmos Energy Corp. by 174.2% in the first quarter. Bessemer Group Inc. now owns 1,522 shares of the company’s stock valued at $113,000 after buying an additional 967 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Atmos Energy Corp. by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,621 shares of the company’s stock valued at $132,000 after buying an additional 764 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Atmos Energy Corp. by 7.4% in the second quarter. Nordea Investment Management AB now owns 2,147 shares of the company’s stock valued at $175,000 after buying an additional 147 shares during the last quarter. CIBC World Markets Inc. bought a new stake in shares of Atmos Energy Corp. during the second quarter valued at $202,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Atmos Energy Corp. during the second quarter valued at $202,000. 70.64% of the stock is currently owned by institutional investors.

Atmos Energy Corp. (NYSE:ATO) traded up 0.57% during trading on Wednesday, hitting $75.63. The stock had a trading volume of 143,364 shares. Atmos Energy Corp. has a 52-week low of $55.69 and a 52-week high of $81.97. The firm has a market cap of $7.85 billion, a P/E ratio of 22.97 and a beta of 0.33. The company has a 50-day moving average of $75.31 and a 200 day moving average of $75.06.

Atmos Energy Corp. (NYSE:ATO) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts predict that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were paid a dividend of $0.42 per share. The ex-dividend date was Thursday, August 18th. This represents a $1.68 annualized dividend and a yield of 2.23%. Atmos Energy Corp.’s payout ratio is currently 50.91%.

About Atmos Energy Corp.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.

5 Day Chart for NYSE:ATO

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