Atmos Energy Corp. (NYSE:ATO) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $79.43.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, August 5th. Zacks Investment Research downgraded shares of Atmos Energy Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Argus raised shares of Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Monday, October 31st. Finally, Seaport Global Securities assumed coverage on shares of Atmos Energy Corp. in a research report on Friday, November 18th. They set a “buy” rating and a $80.00 target price for the company.

Shares of Atmos Energy Corp. (NYSE:ATO) traded down 2.70% during midday trading on Wednesday, reaching $72.15. 324,893 shares of the company’s stock traded hands. The firm has a market cap of $7.50 billion, a PE ratio of 21.37 and a beta of 0.28. The stock has a 50-day moving average price of $71.70 and a 200 day moving average price of $74.91. Atmos Energy Corp. has a 12 month low of $60.00 and a 12 month high of $81.97.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.43%. This is an increase from Atmos Energy Corp.’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 23rd. Atmos Energy Corp.’s dividend payout ratio is presently 52.94%.

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A number of large investors have recently modified their holdings of ATO. Nisa Investment Advisors LLC increased its position in Atmos Energy Corp. by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 52,470 shares of the company’s stock worth $4,267,000 after buying an additional 250 shares in the last quarter. Ronna Sue Cohen increased its position in Atmos Energy Corp. by 0.4% in the second quarter. Ronna Sue Cohen now owns 10,465 shares of the company’s stock worth $851,000 after buying an additional 42 shares in the last quarter. Creative Planning increased its position in Atmos Energy Corp. by 28.3% in the second quarter. Creative Planning now owns 11,457 shares of the company’s stock worth $932,000 after buying an additional 2,529 shares in the last quarter. Gateway Investment Advisers LLC increased its position in Atmos Energy Corp. by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 36,311 shares of the company’s stock worth $2,953,000 after buying an additional 275 shares in the last quarter. Finally, Trust Co increased its position in Atmos Energy Corp. by 4.5% in the first quarter. Trust Co now owns 4,714 shares of the company’s stock worth $350,000 after buying an additional 202 shares in the last quarter. 71.12% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Corp. Company Profile

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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