Argus Boosts Atmos Energy Corporation (ATO) Price Target to $92.00
Atmos Energy Corporation (NYSE:ATO) had its price target increased by Argus from $89.00 to $92.00 in a research note released on Tuesday. They currently have a buy rating on the utilities provider’s stock.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Atmos Energy Corporation from a hold rating to a buy rating and set a $94.00 target price on the stock in a research note on Tuesday, June 13th. J P Morgan Chase & Co reiterated an overweight rating and issued a $89.00 target price (up previously from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. Finally, Barclays PLC set a $75.00 target price on Atmos Energy Corporation and gave the company a sell rating in a research note on Saturday, May 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $85.17.
Atmos Energy Corporation (NYSE:ATO) opened at 85.54 on Tuesday. Atmos Energy Corporation has a 52 week low of $68.51 and a 52 week high of $85.98. The company has a 50-day moving average of $82.45 and a 200-day moving average of $78.07. The company has a market cap of $9.01 billion, a PE ratio of 22.76 and a beta of 0.40.
Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.10. During the same period in the previous year, the business posted $1.40 earnings per share. On average, equities analysts expect that Atmos Energy Corporation will post $3.59 EPS for the current year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, May 18th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.10%. Atmos Energy Corporation’s payout ratio is 47.87%.
Several large investors have recently modified their holdings of ATO. Teachers Retirement System of The State of Kentucky raised its stake in shares of Atmos Energy Corporation by 4.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 36,445 shares of the utilities provider’s stock worth $2,703,000 after buying an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Atmos Energy Corporation by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 1,353,213 shares of the utilities provider’s stock worth $106,891,000 after buying an additional 76,037 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Atmos Energy Corporation by 1.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,620 shares of the utilities provider’s stock worth $3,998,000 after buying an additional 500 shares during the last quarter. Luminus Management LLC acquired a new stake in shares of Atmos Energy Corporation during the fourth quarter worth $41,910,000. Finally, Bank of Montreal Can raised its stake in shares of 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 worth $4,763,000 after buying an additional 2,436 shares during the last quarter. Institutional investors and hedge funds own 71.81% of the company’s stock.
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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