Atmos Energy Corporation (NYSE:ATO) had its price target lifted by J P Morgan Chase & Co from $91.00 to $94.00 in a research note issued to investors on Thursday. The brokerage currently has an overweight rating on the utilities provider’s stock.
A number of other brokerages also recently commented on ATO. Argus raised their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a buy rating in a research report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and issued a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. BidaskClub upgraded Atmos Energy Corporation from a hold rating to a buy rating in a research report on Friday, August 18th. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the stock a sell rating in a research report on Sunday, August 6th. Finally, Zacks Investment Research downgraded Atmos Energy Corporation from a buy rating to a hold rating in a research report on Friday, August 4th. 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’s stock. The company has an average rating of Buy and a consensus price target of $85.67.
Shares of Atmos Energy Corporation (ATO) traded down 0.58% during trading on Thursday, hitting $86.29. The company’s stock had a trading volume of 212,181 shares. The firm’s 50 day moving average is $86.25 and its 200-day moving average is $84.06. The company has a market capitalization of $9.15 billion, a P/E ratio of 23.11 and a beta of 0.38. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $89.00.
Atmos Energy Corporation (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to the consensus estimate of $596.52 million. During the same quarter in the prior year, the business posted $0.64 EPS. Analysts forecast that Atmos Energy Corporation will post $3.62 EPS for the current fiscal year.
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In related news, Director Richard A. Sampson bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $264,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.57% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of ATO. Magellan Asset Management Ltd lifted its position in shares of Atmos Energy Corporation by 61.0% during the 1st quarter. Magellan Asset Management Ltd now owns 997,561 shares of the utilities provider’s stock worth $79,000,000 after buying an additional 377,996 shares during the period. Marshall Wace North America L.P. increased its holdings in Atmos Energy Corporation by 575.3% during the 2nd quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after purchasing an additional 344,875 shares in the last quarter. BlackRock Inc. increased its holdings in Atmos Energy Corporation by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after purchasing an additional 255,277 shares in the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in Atmos Energy Corporation by 22.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock valued at $93,578,000 after purchasing an additional 205,735 shares in the last quarter. Finally, First Quadrant L P CA increased its holdings in Atmos Energy Corporation by 660.1% during the 2nd quarter. First Quadrant L P CA now owns 227,601 shares of the utilities provider’s stock valued at $18,880,000 after purchasing an additional 197,656 shares in the last quarter. Institutional investors and hedge funds own 71.05% of the company’s stock.
About Atmos Energy Corporation
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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