Atmos Energy Corporation (NYSE:ATO) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday, August 8th.
Several other equities analysts also recently weighed in on ATO. 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. Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $89.00 price objective (up previously from $88.00) on shares of Atmos Energy Corporation in a research report on Thursday, June 1st. Finally, Argus lifted their price objective on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. Atmos Energy Corporation presently has a consensus rating of “Buy” and a consensus price target of $86.83.
Shares of Atmos Energy Corporation (ATO) opened at 87.12 on Tuesday. The firm’s 50 day moving average price is $85.77 and its 200-day moving average price is $81.62. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $88.69. The company has a market capitalization of $9.24 billion, a P/E ratio of 23.33 and a beta of 0.39.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period in the previous year, the business posted $0.64 earnings per share. Analysts expect that Atmos Energy Corporation will post $3.61 EPS for the current year.
In other news, Director Richard A. Sampson acquired 1,500 shares of the company’s stock in a transaction dated 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 completion of the purchase, the director now owns 3,000 shares of the company’s stock, valued at approximately $264,360. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.57% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC boosted its position in Atmos Energy Corporation by 17.7% in the fourth quarter. Teachers Advisors LLC now owns 117,689 shares of the utilities provider’s stock valued at $8,727,000 after buying an additional 17,734 shares during the last quarter. Raymond James Trust N.A. boosted its position in Atmos Energy Corporation by 32.6% in the first quarter. Raymond James Trust N.A. now owns 3,753 shares of the utilities provider’s stock valued at $296,000 after buying an additional 923 shares in the last quarter. Gulf International Bank UK Ltd boosted its position in Atmos Energy Corporation by 0.6% in the first quarter. Gulf International Bank UK Ltd now owns 31,010 shares of the utilities provider’s stock valued at $2,449,000 after buying an additional 200 shares in the last quarter. Bank of Montreal Can boosted its position in Atmos Energy Corporation by 4.2% in the first quarter. Bank of Montreal Can now owns 60,292 shares of the utilities provider’s stock valued at $4,763,000 after buying an additional 2,436 shares in the last quarter. Finally, North American Management Corp boosted its position in Atmos Energy Corporation by 1.3% in the first quarter. North American Management Corp now owns 16,190 shares of the utilities provider’s stock valued at $1,279,000 after buying an additional 210 shares in the last quarter. 71.04% of the stock is owned by hedge funds and other institutional investors.
About Atmos Energy Corporation
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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