ATO has been the topic of a number of other research reports. Argus cut their target price on Atmos Energy from $97.00 to $89.00 and set a buy rating on the stock in a research note on Thursday, January 18th. Zacks Investment Research raised Atmos Energy from a hold rating to a buy rating and set a $94.00 target price on the stock in a research note on Friday, January 5th. Barclays set a $80.00 target price on Atmos Energy and gave the company an underweight rating in a research note on Thursday, February 8th. Finally, Bank of America reaffirmed a buy rating on shares of Atmos Energy in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Atmos Energy has a consensus rating of Hold and an average price target of $85.20.
Shares of NYSE ATO opened at $83.38 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67. Atmos Energy has a 1-year low of $76.46 and a 1-year high of $93.56. The company has a market cap of $9,174.02, a price-to-earnings ratio of 21.04, a P/E/G ratio of 2.97 and a beta of 0.24.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Atmos Energy by 1.8% during the fourth quarter. BlackRock Inc. now owns 9,988,566 shares of the utilities provider’s stock valued at $857,918,000 after buying an additional 172,759 shares during the last quarter. Zimmer Partners LP bought a new position in shares of Atmos Energy during the fourth quarter valued at approximately $173,927,000. Magellan Asset Management Ltd boosted its holdings in shares of Atmos Energy by 26.8% in the fourth quarter. Magellan Asset Management Ltd now owns 1,387,309 shares of the utilities provider’s stock valued at $119,156,000 after purchasing an additional 293,071 shares during the period. Prudential Financial Inc. boosted its holdings in shares of Atmos Energy by 16.6% in the third quarter. Prudential Financial Inc. now owns 978,216 shares of the utilities provider’s stock valued at $82,014,000 after purchasing an additional 139,400 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Atmos Energy by 3.9% in the fourth quarter. Geode Capital Management LLC now owns 889,395 shares of the utilities provider’s stock valued at $76,348,000 after purchasing an additional 33,675 shares during the period. 72.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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