US Capital Advisors Equities Analysts Lift Earnings Estimates for Atmos Energy Co. (ATO)

Atmos Energy Co. (NYSE:ATO) – Research analysts at US Capital Advisors lifted their FY2017 EPS estimates for shares of Atmos Energy in a report issued on Wednesday, Zacks Investment Research reports. US Capital Advisors analyst D. Fidell now forecasts that the utilities provider will earn $3.55 per share for the year, up from their prior estimate of $3.50. US Capital Advisors also issued estimates for Atmos Energy’s FY2018 earnings at $3.75 EPS.

Atmos Energy (NYSE:ATO) last posted its earnings results on Tuesday, February 7th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. During the same period in the previous year, the company posted $0.93 EPS.

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Separately, Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $82.80.

Shares of Atmos Energy (NYSE:ATO) traded down 0.11% during midday trading on Thursday, hitting $79.83. The company had a trading volume of 385,661 shares. The stock has a 50 day moving average price of $79.41 and a 200 day moving average price of $75.00. Atmos Energy has a 1-year low of $68.51 and a 1-year high of $81.97. The firm has a market capitalization of $8.40 billion, a P/E ratio of 22.38 and a beta of 0.29.

Large investors have recently made changes to their positions in the company. Carroll Financial Associates Inc. boosted its stake in Atmos Energy by 104.5% in the third quarter. Carroll Financial Associates Inc. now owns 1,378 shares of the utilities provider’s stock worth $102,000 after buying an additional 704 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in Atmos Energy during the fourth quarter worth approximately $148,000. Advisor Partners LLC boosted its stake in Atmos Energy by 2.6% in the third quarter. Advisor Partners LLC now owns 2,688 shares of the utilities provider’s stock worth $200,000 after buying an additional 69 shares during the last quarter. ETRADE Capital Management LLC boosted its stake in Atmos Energy by 0.8% in the third quarter. ETRADE Capital Management LLC now owns 2,759 shares of the utilities provider’s stock worth $205,000 after buying an additional 22 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in Atmos Energy during the fourth quarter worth approximately $209,000. 69.86% of the stock is owned by hedge funds and other institutional investors.

Atmos Energy Company Profile

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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