Barclays PLC Reiterates Sell Rating for Atmos Energy Corporation (ATO)

Barclays PLC restated their sell rating on shares of Atmos Energy Corporation (NYSE:ATO) in a research note released on Friday, July 21st. The brokerage currently has a $76.00 price objective on the utilities provider’s stock.

A number of other research firms have also commented on ATO. BidaskClub upgraded shares of Atmos Energy Corporation from a buy rating to a strong-buy rating in a research note on Saturday, June 17th. Zacks Investment Research lowered shares of Atmos Energy Corporation from a buy rating to a hold rating in a research note on Thursday, June 15th. J P Morgan Chase & Co reiterated an overweight rating and set a $89.00 price target (up from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. Finally, Argus boosted 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Atmos Energy Corporation currently has an average rating of Buy and a consensus price target of $86.83.

Shares of Atmos Energy Corporation (NYSE ATO) traded down 0.39% during trading on Friday, hitting $87.12. The stock had a trading volume of 293,478 shares. The stock has a market cap of $9.24 billion, a P/E ratio of 23.33 and a beta of 0.39. The stock’s 50 day moving average price is $85.77 and its 200-day moving average price is $81.62. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $88.69.

Atmos Energy Corporation (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. Analysts expect that Atmos Energy Corporation will post $3.61 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.

In other Atmos Energy Corporation news, Director Richard A. Sampson purchased 1,500 shares of Atmos Energy Corporation stock in a transaction on Tuesday, August 15th. The shares were bought at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the acquisition, 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 available through this link. 1.57% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in ATO. Proficio Capital Partners LLC raised its position 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 worth $101,000 after buying an additional 314 shares in the last quarter. Carroll Financial Associates Inc. raised its position 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 in the last quarter. Toronto Dominion Bank raised its position in Atmos Energy Corporation by 13.6% in the second 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. Strs Ohio raised its position 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 in the last quarter. Finally, Huntington National Bank raised its position 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 in the last quarter. 71.04% of the stock is currently owned by institutional investors.

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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