Atmos Energy Co. (NYSE:ATO) – Equities researchers at Seaport Global Securities issued their Q1 2018 earnings estimates for Atmos Energy in a note issued to investors on Thursday. Seaport Global Securities analyst M. Levin anticipates that the utilities provider will post earnings of $1.14 per share for the quarter. Seaport Global Securities also issued estimates for Atmos Energy’s Q2 2018 earnings at $1.63 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.40 EPS and FY2019 earnings at $4.12 EPS.
ATO has been the topic of a number of other research reports. BidaskClub raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Barclays PLC restated a “sell” rating and set a $76.00 target price on shares of Atmos Energy in a research note on Friday, July 21st. J P Morgan Chase & Co raised their target price on shares of Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Finally, The Goldman Sachs Group, Inc. reaffirmed a “neutral” rating and set a $77.00 price objective (up from $67.00) on shares of Atmos Energy in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $85.67.
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Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. Atmos Energy had a net margin of 7.71% and a return on equity of 3.68%. During the same period in the prior year, the firm posted $0.40 EPS.
Several hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. lifted its holdings in Atmos Energy by 575.3% in the second quarter. Marshall Wace North America L.P. now owns 404,822 shares of the utilities provider’s stock valued at $33,600,000 after acquiring an additional 344,875 shares during the period. BlackRock Inc. raised its stake in shares of Atmos Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock worth $799,314,000 after buying an additional 255,277 shares during the period. Cramer Rosenthal Mcglynn LLC raised its stake in shares of Atmos Energy by 22.3% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,128,125 shares of the utilities provider’s stock worth $93,578,000 after buying an additional 205,735 shares during the period. First Quadrant L P CA raised its stake in shares of Atmos Energy by 660.1% during the 2nd quarter. First Quadrant L P CA now owns 227,601 shares of the utilities provider’s stock worth $18,880,000 after buying an additional 197,656 shares during the period. Finally, Vanguard Group Inc. raised its stake in Atmos Energy by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 10,274,797 shares of the utilities provider’s stock valued at $852,294,000 after purchasing an additional 150,691 shares during the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be issued a $0.485 dividend. The ex-dividend date is Friday, November 24th. This is an increase from Atmos Energy’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a yield of 2.17%. Atmos Energy’s payout ratio is currently 49.86%.
Atmos Energy 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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