Atmos Energy Corporation (ATO) Receives Consensus Recommendation of “Hold” from Analysts

Atmos Energy Corporation (NYSE:ATO) has received a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $86.80.

A number of brokerages have recently commented on ATO. BidaskClub lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC set a $84.00 target price on Atmos Energy Corporation and gave the stock a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Argus upped their target price on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co upped their target price on Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its holdings in Atmos Energy Corporation by 38.1% during the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock worth $101,000 after acquiring an additional 314 shares in the last quarter. Carroll Financial Associates Inc. raised its stake in Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock valued at $106,000 after buying an additional 4 shares during the period. Toronto Dominion Bank raised its stake in Atmos Energy Corporation by 13.6% in the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after buying an additional 155 shares during the period. Huntington National Bank raised its stake in Atmos Energy Corporation by 50.0% in the second quarter. Huntington National Bank now owns 1,500 shares of the utilities provider’s stock valued at $124,000 after buying an additional 500 shares during the period. Finally, NEXT Financial Group Inc raised its stake in Atmos Energy Corporation by 159.8% in the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after buying an additional 975 shares during the period. Institutional investors and hedge funds own 69.79% of the company’s stock.

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Shares of Atmos Energy Corporation (ATO) traded down $0.62 during trading on Friday, hitting $89.33. The stock had a trading volume of 462,014 shares, compared to its average volume of 386,199. The company has a market capitalization of $9,479.05, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 3.58 and a beta of 0.38. Atmos Energy Corporation has a 12 month low of $69.57 and a 12 month high of $91.00. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79.

Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates of $0.34. During the same period in the prior year, the business earned $0.40 earnings per share. analysts expect that Atmos Energy Corporation will post 3.61 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Friday, November 24th. This is a positive change from Atmos Energy Corporation’s previous quarterly dividend of $0.45. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.

Atmos Energy Corporation 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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