Barclays PLC Analysts Give Atmos Energy Corporation (ATO) a $84.00 Price Target

Barclays PLC set a $84.00 price objective on Atmos Energy Corporation (NYSE:ATO) in a report issued on Sunday, August 6th. The brokerage currently has a sell rating on the utilities provider’s stock.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research cut Atmos Energy Corporation from a buy rating to a hold rating in a research note on Friday, August 4th. BidaskClub upgraded Atmos Energy Corporation from a hold rating to a buy rating in a research note on Tuesday, July 25th. Argus boosted their price objective on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a buy rating in a research note on Tuesday, June 13th. Finally, J P Morgan Chase & Co restated an overweight rating and issued a $89.00 price objective (up from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $86.83.

Atmos Energy Corporation (NYSE:ATO) traded down 0.39% during trading on Friday, reaching $87.12. 293,478 shares of the company were exchanged. The firm’s 50 day moving average price is $85.77 and its 200-day moving average price is $81.62. The stock has a market capitalization of $9.24 billion, a price-to-earnings ratio of 23.33 and a beta of 0.39. 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 data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ 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 firm posted $0.64 earnings per share. On average, equities research analysts predict that Atmos Energy Corporation will post $3.61 earnings per share for the current year.

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

In related news, Director Richard A. Sampson purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The shares were purchased at an average cost of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at approximately $264,360. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.57% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its stake in shares of Atmos Energy Corporation by 13.6% in the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $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 second quarter valued at $486,000. BB&T Investment Services Inc. bought a new stake in shares of Atmos Energy Corporation during the second quarter valued at $376,000. Ameritas Investment Partners Inc. boosted its stake in shares of Atmos Energy Corporation by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 37,803 shares of the utilities provider’s stock valued at $3,135,000 after buying an additional 634 shares in the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Atmos Energy Corporation by 10.5% in the second quarter. California State Teachers Retirement System now owns 228,987 shares of the utilities provider’s stock valued at $18,994,000 after buying an additional 21,697 shares in the last quarter. Hedge funds and other institutional investors own 71.04% of the company’s stock.

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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