Atmos Energy Co. (NYSE:ATO) – Investment analysts at Seaport Global Securities issued their Q1 2019 EPS estimates for Atmos Energy in a research note issued to investors on Tuesday, November 13th. Seaport Global Securities analyst M. Levin expects that the utilities provider will post earnings per share of $1.42 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $98.00 target price on the stock. Seaport Global Securities also issued estimates for Atmos Energy’s Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $0.76 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $4.28 EPS.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.05. The firm had revenue of $444.70 million during the quarter, compared to analysts’ expectations of $613.41 million. During the same quarter in the prior year, the firm earned $0.34 EPS. The firm’s revenue was down 4.3% compared to the same quarter last year.

ATO has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Atmos Energy from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $102.00 to $104.00 in a research note on Friday, September 21st. Barclays set a $91.00 price target on shares of Atmos Energy and gave the stock a “sell” rating in a research note on Friday, October 12th. ValuEngine upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Finally, Bank of America lifted their price target on shares of Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $94.38.

Shares of Atmos Energy stock opened at $98.91 on Thursday. Atmos Energy has a 52-week low of $76.46 and a 52-week high of $98.95. The company has a quick ratio of 0.16, a current ratio of 0.25 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $10.75 billion, a P/E ratio of 24.73, a PEG ratio of 3.48 and a beta of 0.10.

Large investors have recently modified their holdings of the company. Magellan Asset Management Ltd lifted its position in shares of Atmos Energy by 12.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after buying an additional 211,446 shares during the last quarter. State of Wisconsin Investment Board lifted its position in shares of Atmos Energy by 7.7% during the 2nd quarter. State of Wisconsin Investment Board now owns 187,246 shares of the utilities provider’s stock worth $16,878,000 after buying an additional 13,356 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Atmos Energy by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after buying an additional 27,722 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Atmos Energy by 59.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 14,490 shares of the utilities provider’s stock worth $1,306,000 after buying an additional 5,420 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Atmos Energy during the 2nd quarter worth approximately $491,000. Institutional investors and hedge funds own 74.91% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Friday, November 23rd. This is an increase from Atmos Energy’s previous quarterly dividend of $0.49. Atmos Energy’s payout ratio is currently 48.50%.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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Earnings History and Estimates for Atmos Energy (NYSE:ATO)

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