Atmos Energy Corporation (ATO) PT Raised to $94.00
Atmos Energy Corporation (NYSE:ATO) had its target price hoisted by analysts at J P Morgan Chase & Co from $91.00 to $94.00 in a report issued on Thursday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 8.93% from the stock’s previous close.
Several other brokerages also recently weighed in on ATO. Argus lifted their price objective on shares of Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (up from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. BidaskClub upgraded shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Barclays PLC set a $84.00 price objective on shares of Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday, August 6th. Finally, Zacks Investment Research downgraded shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $85.67.
Atmos Energy Corporation (ATO) opened at 86.29 on Thursday. The company’s 50-day moving average is $86.19 and its 200 day moving average is $84.10. The stock has a market capitalization of $9.15 billion, a PE ratio of 23.11 and a beta of 0.38. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $89.00.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share 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 the consensus estimate of $596.52 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. On average, analysts predict that Atmos Energy Corporation will post $3.62 EPS for the current year.
In related news, Director Richard A. Sampson purchased 1,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were bought at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the transaction, the director now owns 3,000 shares of the company’s stock, valued at $264,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.57% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Intl Fcstone Inc. bought a new stake in shares of Atmos Energy Corporation during the 2nd quarter worth about $763,000. Toronto Dominion Bank raised its position in shares of Atmos Energy Corporation by 13.6% during the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after buying an additional 155 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Atmos Energy Corporation during the 2nd quarter worth about $486,000. BB&T Investment Services Inc. bought a new stake in shares of Atmos Energy Corporation during the 2nd quarter worth about $376,000. Finally, Ameritas Investment Partners Inc. raised its position in shares of Atmos Energy Corporation by 1.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 37,803 shares of the utilities provider’s stock worth $3,135,000 after buying an additional 634 shares in the last quarter. Institutional investors own 71.05% of the company’s stock.
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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