Atmos Energy (NYSE:ATO) had its price objective lowered by investment analysts at Morgan Stanley from $118.00 to $117.00 in a report released on Friday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 9.02% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Wells Fargo & Co restated a “buy” rating on shares of Atmos Energy in a research report on Monday, September 2nd. ValuEngine lowered Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Argus boosted their price objective on Atmos Energy to $125.00 and gave the company a “positive” rating in a research report on Tuesday, October 1st. Barclays restated a “sell” rating and set a $103.00 price objective on shares of Atmos Energy in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Atmos Energy from $115.00 to $122.00 and gave the company an “overweight” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $114.40.

NYSE:ATO traded down $0.86 during midday trading on Friday, reaching $107.32. 920,683 shares of the company traded hands, compared to its average volume of 887,004. Atmos Energy has a twelve month low of $87.88 and a twelve month high of $115.19. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.16. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.56 and a quick ratio of 0.44. The company has a fifty day moving average price of $111.90 and a 200 day moving average price of $107.49.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The business had revenue of $443.68 million during the quarter, compared to analyst estimates of $582.98 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts forecast that Atmos Energy will post 4.63 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Magellan Asset Management Ltd boosted its position in Atmos Energy by 7.3% during the 2nd quarter. Magellan Asset Management Ltd now owns 2,911,393 shares of the utilities provider’s stock worth $307,327,000 after acquiring an additional 199,331 shares during the period. Invesco Ltd. boosted its position in Atmos Energy by 153.1% during the 2nd quarter. Invesco Ltd. now owns 2,132,008 shares of the utilities provider’s stock worth $225,055,000 after acquiring an additional 1,289,585 shares during the period. Northern Trust Corp boosted its position in Atmos Energy by 8.6% during the 2nd quarter. Northern Trust Corp now owns 1,373,896 shares of the utilities provider’s stock worth $145,028,000 after acquiring an additional 108,766 shares during the period. Maple Brown Abbott Ltd boosted its position in Atmos Energy by 6.9% during the 3rd quarter. Maple Brown Abbott Ltd now owns 1,272,033 shares of the utilities provider’s stock worth $144,872,000 after acquiring an additional 82,150 shares during the period. Finally, Sfmg LLC lifted its holdings in shares of Atmos Energy by 6.8% in the second quarter. Sfmg LLC now owns 1,188,542 shares of the utilities provider’s stock valued at $128,517,000 after buying an additional 75,420 shares during the period. Institutional investors own 84.04% of the company’s stock.

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 the regulated natural gas distribution and related sales operations in eight states.

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