BidaskClub lowered shares of Atmos Energy Corporation (NYSE:ATO) from a buy rating to a hold rating in a report issued on Tuesday morning.

A number of other analysts have also weighed in on the stock. Barclays PLC set a $84.00 price target on shares of Atmos Energy Corporation and gave the stock a sell rating in a research note on Sunday. Zacks Investment Research lowered shares of Atmos Energy Corporation from a buy rating to a hold rating in a research note on Friday, August 4th. Argus upped their price target on shares of Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a buy rating in a research note on Tuesday, June 13th. Finally, J P Morgan Chase & Co reaffirmed an overweight rating and issued a $89.00 price target (up from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $86.83.

Atmos Energy Corporation (NYSE ATO) traded up 0.09% during midday trading on Tuesday, hitting $87.67. 148,644 shares of the stock were exchanged. The stock has a market cap of $9.32 billion, a price-to-earnings ratio of 23.53 and a beta of 0.39. The firm’s 50-day moving average is $84.76 and its 200 day moving average is $80.72. Atmos Energy Corporation has a 52 week low of $68.51 and a 52 week high of $88.69.

Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the prior year, the company posted $0.64 earnings per share. Equities research analysts expect that Atmos Energy Corporation will post $3.60 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its stake in Atmos Energy Corporation by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock valued at $101,000 after buying an additional 314 shares during the period. Carroll Financial Associates Inc. raised its stake in Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock worth $106,000 after buying an additional 4 shares during the period. Huntington National Bank raised its stake in Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock worth $124,000 after buying an additional 500 shares during the period. Strs Ohio raised its stake in Atmos Energy Corporation by 14.5% in the first quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock worth $118,000 after buying an additional 190 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in Atmos Energy Corporation during the first quarter worth about $134,000. 72.10% of the stock is owned by institutional investors and hedge funds.

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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