Brokerages Set Atmos Energy Corporation (ATO) PT at $84.83
Shares of Atmos Energy Corporation (NYSE:ATO) have earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $84.83.
ATO has been the topic of a number of recent analyst reports. Barclays PLC set a $84.00 target price on Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday, August 6th. Argus increased their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $77.00 price objective (up from $67.00) on shares of Atmos Energy Corporation in a research note on Friday, September 1st. BidaskClub downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.
Atmos Energy Corporation (ATO) traded up 0.15% during midday trading on Friday, hitting $84.80. 272,486 shares of the stock traded hands. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $89.00. The company’s 50 day moving average price is $86.51 and its 200 day moving average price is $83.84. The firm has a market cap of $8.99 billion, a PE ratio of 22.71 and a beta of 0.38.
Atmos Energy Corporation (NYSE:ATO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.01. The business had revenue of $526.50 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same quarter last year, the business earned $0.64 EPS. Equities research analysts predict that Atmos Energy Corporation will post $3.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
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In related news, Director Richard A. Sampson bought 1,500 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average cost of $88.12 per share, with a total value of $132,180.00. Following the purchase, the director now directly owns 3,000 shares of the company’s stock, valued at $264,360. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.57% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Prudential Financial Inc. increased its position in shares of Atmos Energy Corporation by 12.8% during the 2nd quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock worth $69,580,000 after purchasing an additional 95,248 shares during the last quarter. Legal & General Group Plc boosted its holdings in Atmos Energy Corporation by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after acquiring an additional 23,724 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Atmos Energy Corporation by 8.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 320,214 shares of the utilities provider’s stock valued at $25,294,000 after acquiring an additional 25,769 shares during the period. Swiss National Bank boosted its holdings in Atmos Energy Corporation by 4.2% during the 2nd quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after acquiring an additional 15,400 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in Atmos Energy Corporation by 2.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after acquiring an additional 1,772 shares during the period. 71.05% of the stock is owned by hedge funds and other institutional investors.
About Atmos Energy Corporation
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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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