Zacks Investment Research upgraded shares of Atmos Energy Corp. (NYSE:ATO) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $77.00 price target on the stock.

According to Zacks, “Atmos Energy Corporation distributes and sells natural gas to residential, commercial, industrial, agricultural and other customers. Atmos operates through five divisions in cities, towns and communities in service areas located in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Missouri, South Carolina, Tennessee, Texas and Virginia. The Company has entered into an agreement to sell all of its natural gas utility operations in South Carolina. The Company also transports natural gas for others through its distribution system. “

ATO has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their target price on shares of Atmos Energy Corp. from $88.00 to $87.00 and set an overweight rating for the company in a research report on Friday, August 5th. Citigroup Inc. boosted their target price on shares of Atmos Energy Corp. from $58.00 to $81.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Atmos Energy Corp. has an average rating of Hold and a consensus target price of $76.43.

Analyst Recommendations for Atmos Energy Corp. (NYSE:ATO)

Shares of Atmos Energy Corp. (NYSE:ATO) opened at 69.415 on Tuesday. The company’s 50-day moving average price is $73.91 and its 200 day moving average price is $75.26. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 21.080 and a beta of 0.30. Atmos Energy Corp. has a 1-year low of $58.75 and a 1-year high of $81.97.

Atmos Energy Corp. (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. During the same quarter last year, the company earned $0.54 EPS. On average, analysts predict that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.

In other news, SVP Louis P. Gregory sold 4,000 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $78.10, for a total transaction of $312,400.00. Following the completion of the sale, the senior vice president now owns 82,182 shares of the company’s stock, valued at $6,418,414.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas C. Meredith sold 1,020 shares of the business’s stock in a transaction dated Friday, August 19th. The stock was sold at an average price of $75.24, for a total transaction of $76,744.80. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Lbmc Investment Advisors LLC boosted its stake in shares of Atmos Energy Corp. by 0.6% in the second quarter. Lbmc Investment Advisors LLC now owns 5,233 shares of the company’s stock valued at $426,000 after buying an additional 29 shares in the last quarter. Regentatlantic Capital LLC boosted its stake in shares of Atmos Energy Corp. by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 10,350 shares of the company’s stock valued at $842,000 after buying an additional 36 shares in the last quarter. Ronna Sue Cohen boosted its stake in shares of Atmos Energy Corp. by 0.4% in the third quarter. Ronna Sue Cohen now owns 10,506 shares of the company’s stock valued at $782,000 after buying an additional 41 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of Atmos Energy Corp. by 1.2% in the second quarter. Moody Lynn & Lieberson LLC now owns 7,161 shares of the company’s stock valued at $582,000 after buying an additional 83 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of Atmos Energy Corp. by 1.5% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,864 shares of the company’s stock valued at $558,000 after buying an additional 102 shares in the last quarter. 70.63% of the stock is owned by institutional investors and hedge funds.

About Atmos Energy Corp.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.

5 Day Chart for NYSE:ATO

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