Atmos Energy Corporation (NYSE:ATO) PT Set at $84.00 by Barclays PLC
Atmos Energy Corporation (NYSE:ATO) has been given a $84.00 price objective by investment analysts at Barclays PLC in a report issued on Sunday. The brokerage presently has a “sell” rating on the utilities provider’s stock. Barclays PLC’s price target indicates a potential downside of 3.66% from the stock’s previous close.
Several other equities research analysts also recently issued reports on the company. J P Morgan Chase & Co reiterated an “overweight” rating and issued a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a report on Thursday, June 1st. Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Argus boosted their price objective on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, June 13th. Finally, BidaskClub upgraded Atmos Energy Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $86.83.
Atmos Energy Corporation (ATO) opened at 87.19 on Friday. The stock’s 50 day moving average price is $84.51 and its 200 day moving average price is $80.57. Atmos Energy Corporation has a 52 week low of $68.51 and a 52 week high of $87.80. The stock has a market cap of $9.27 billion, a price-to-earnings ratio of 23.40 and a beta of 0.39.
Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter in the prior year, the firm posted $0.64 EPS. On average, analysts forecast that Atmos Energy Corporation will post $3.60 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Edgemoor Investment Advisors Inc. increased its stake in shares of Atmos Energy Corporation by 0.7% in the second quarter. Edgemoor Investment Advisors Inc. now owns 42,337 shares of the utilities provider’s stock valued at $3,512,000 after buying an additional 279 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Atmos Energy Corporation by 0.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 168,495 shares of the utilities provider’s stock valued at $13,977,000 after buying an additional 749 shares during the period. Marshall Wace LLP bought a new stake in shares of Atmos Energy Corporation during the second quarter valued at $1,179,000. Marshall Wace North America L.P. increased its stake in shares of Atmos Energy Corporation by 575.3% in the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after buying an additional 344,875 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Atmos Energy Corporation by 0.4% in the second quarter. Jennison Associates LLC now owns 1,037,449 shares of the utilities provider’s stock valued at $86,056,000 after buying an additional 4,628 shares during the period. Institutional investors own 72.10% of the company’s stock.
Atmos Energy Corporation Company Profile
Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the 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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