Atmos Energy Corp. (ATO) Earns Buy Rating from Analysts at Seaport Global Securities
Equities researchers at Seaport Global Securities initiated coverage on shares of Atmos Energy Corp. (NYSE:ATO) in a report released on Friday. The firm set a “buy” rating on the stock.
A number of other analysts also recently issued reports on the stock. Argus raised shares of Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a report on Monday, October 31st. Zacks Investment Research upgraded shares of Atmos Energy Corp. from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Tuesday, October 11th. JPMorgan Chase & Co. reduced their price objective 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. Finally, Citigroup Inc. upped their price objective on shares of Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $77.00.
Atmos Energy Corp. (NYSE:ATO) opened at 71.27 on Friday. Atmos Energy Corp. has a 52 week low of $60.00 and a 52 week high of $81.97. The stock has a market capitalization of $7.40 billion, a PE ratio of 21.64 and a beta of 0.28. The firm has a 50 day moving average of $71.70 and a 200-day moving average of $74.96.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.53%. The ex-dividend date is Wednesday, November 23rd. This is a positive change from Atmos Energy Corp.’s previous quarterly dividend of $0.42. Atmos Energy Corp.’s dividend payout ratio (DPR) is 49.41%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in shares of Atmos Energy Corp. by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,621 shares of the company’s stock valued at $132,000 after buying an additional 764 shares during the period. Legal & General Group Plc boosted its stake in Atmos Energy Corp. by 3.1% in the first quarter. Legal & General Group Plc now owns 362,484 shares of the company’s stock worth $26,917,000 after buying an additional 10,995 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Atmos Energy Corp. by 6.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 334,559 shares of the company’s stock worth $27,206,000 after buying an additional 19,562 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Atmos Energy Corp. by 3.4% in the first quarter. Renaissance Technologies LLC now owns 386,100 shares of the company’s stock worth $28,672,000 after buying an additional 12,700 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in Atmos Energy Corp. by 26.7% in the second quarter. Prudential Financial Inc. now owns 204,939 shares of the company’s stock worth $16,665,000 after buying an additional 43,190 shares during the last quarter. 70.93% of the stock is owned by institutional investors.
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.
Receive News & Stock Ratings for Atmos Energy Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy Corp. and related stocks with our FREE daily email newsletter.