Analysts Set Atmos Energy Corporation (ATO) Price Target at $84.83
Shares of Atmos Energy Corporation (NYSE:ATO) have been given an average rating of “Buy” by the eight research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $84.83.
Several brokerages recently commented on ATO. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and set a $77.00 target price (up previously from $67.00) on shares of Atmos Energy Corporation in a report on Friday, September 1st. Argus boosted their target price on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Barclays PLC set a $84.00 target price on Atmos Energy Corporation and gave the stock a “sell” rating in a report on Sunday, August 6th. Finally, Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th.
In other news, Director Richard A. Sampson acquired 1,500 shares of the stock in a transaction on 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 transaction, the director now owns 3,000 shares in the company, valued at approximately $264,360. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 1.57% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC grew its holdings in shares of Atmos Energy Corporation by 38.1% during the 2nd quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock valued at $101,000 after acquiring an additional 314 shares in the last quarter. Carroll Financial Associates Inc. grew its holdings in shares of Atmos Energy Corporation by 0.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock valued at $106,000 after acquiring an additional 4 shares in the last quarter. Toronto Dominion Bank grew its holdings in shares of Atmos Energy Corporation by 13.6% during the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 155 shares in the last quarter. Huntington National Bank grew its holdings in shares of Atmos Energy Corporation by 50.0% during the 2nd quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock valued at $124,000 after acquiring an additional 500 shares in the last quarter. Finally, Strs Ohio grew its holdings in shares of Atmos Energy Corporation by 14.5% during the 1st quarter. Strs Ohio now owns 1,502 shares of the utilities provider’s stock valued at $118,000 after acquiring an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 71.05% of the company’s stock.
Shares of Atmos Energy Corporation (NYSE ATO) traded down 0.17% during trading on Tuesday, hitting $87.25. The stock had a trading volume of 201,564 shares. Atmos Energy Corporation has a one year low of $68.51 and a one year high of $89.00. The firm’s 50-day moving average is $87.48 and its 200-day moving average is $82.83. The firm has a market cap of $9.25 billion, a P/E ratio of 23.37 and a beta of 0.40.
Atmos Energy Corporation (NYSE:ATO) last announced its 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 firm had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period in the previous year, the firm earned $0.64 EPS. Equities research analysts forecast that Atmos Energy Corporation will post $3.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st were issued a $0.45 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.80 annualized dividend and a dividend yield of 2.06%. Atmos Energy Corporation’s dividend payout ratio is currently 48.13%.
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Atmos Energy Corporation Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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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