Bank of America Reiterates “Buy” Rating for Atmos Energy (ATO)
Bank of America reiterated their buy rating on shares of Atmos Energy (NYSE:ATO) in a research report report published on Tuesday morning, Marketbeat.com reports.
Several other research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Atmos Energy from a hold rating to a buy rating and set a $103.00 target price on the stock in a research note on Tuesday, December 12th. Argus reduced their target price on shares of Atmos Energy from $97.00 to $89.00 and set a buy rating on the stock in a research note on Thursday, January 18th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a $87.00 target price (down previously from $90.00) on shares of Atmos Energy in a research note on Thursday, February 8th. Finally, Barclays set a $80.00 target price on shares of Atmos Energy and gave the company an underweight rating in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $85.20.
Atmos Energy (NYSE ATO) opened at $79.19 on Tuesday. The stock has a market cap of $8,931.03, a PE ratio of 14.53, a PEG ratio of 2.88 and a beta of 0.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.81 and a quick ratio of 0.64. Atmos Energy has a one year low of $76.17 and a one year high of $93.56.
The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a $0.485 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.45%. Atmos Energy’s dividend payout ratio is 35.60%.
Several large investors have recently made changes to their positions in the stock. Comerica Bank raised its position in shares of Atmos Energy by 0.7% in the 3rd quarter. Comerica Bank now owns 87,963 shares of the utilities provider’s stock valued at $7,648,000 after acquiring an additional 648 shares during the period. Aperio Group LLC raised its position in shares of Atmos Energy by 1.2% in the 3rd quarter. Aperio Group LLC now owns 57,404 shares of the utilities provider’s stock valued at $4,813,000 after acquiring an additional 678 shares during the period. California Public Employees Retirement System raised its position in shares of Atmos Energy by 0.3% in the 4th quarter. California Public Employees Retirement System now owns 269,092 shares of the utilities provider’s stock valued at $23,112,000 after acquiring an additional 688 shares during the period. Jane Street Group LLC raised its position in shares of Atmos Energy by 25.1% in the 3rd quarter. Jane Street Group LLC now owns 3,589 shares of the utilities provider’s stock valued at $301,000 after acquiring an additional 719 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in shares of Atmos Energy by 5.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,475 shares of the utilities provider’s stock valued at $1,243,000 after acquiring an additional 732 shares during the period. Institutional investors and hedge funds own 67.45% of the company’s stock.
Atmos Energy Company Profile
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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