Atmos Energy Co. (NYSE:ATO) Receives $107.00 Consensus PT from Analysts

Shares of Atmos Energy Co. (NYSE:ATO) have received an average rating of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $110.00.

Several equities analysts recently issued reports on the company. Argus upped their price objective on Atmos Energy to $125.00 and gave the company a “positive” rating in a research report on Tuesday. Morgan Stanley upped their price objective on Atmos Energy from $112.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Atmos Energy in a research report on Monday, September 2nd. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Wednesday, July 24th. Finally, ValuEngine cut Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

Shares of ATO stock traded up $0.51 during midday trading on Tuesday, reaching $112.30. 9,585 shares of the stock were exchanged, compared to its average volume of 776,106. Atmos Energy has a 1 year low of $87.88 and a 1 year high of $115.19. The company’s 50 day moving average is $110.82 and its two-hundred day moving average is $105.71. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63. The firm has a market cap of $13.29 billion, a PE ratio of 28.08, a price-to-earnings-growth ratio of 3.49 and a beta of 0.19.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm had revenue of $485.74 million for the quarter, compared to the consensus estimate of $681.16 million. During the same quarter in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was down 13.6% on a year-over-year basis. As a group, equities analysts expect that Atmos Energy will post 4.33 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $2.10 annualized dividend and a yield of 1.87%. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.

Hedge funds have recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group lifted its holdings in shares of Atmos Energy by 15.4% during the 2nd quarter. Rehmann Capital Advisory Group now owns 721 shares of the utilities provider’s stock valued at $76,000 after buying an additional 96 shares during the period. NumerixS Investment Technologies Inc increased its stake in shares of Atmos Energy by 25.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 500 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 100 shares in the last quarter. 6 Meridian increased its stake in shares of Atmos Energy by 2.1% in the 2nd quarter. 6 Meridian now owns 5,123 shares of the utilities provider’s stock worth $541,000 after purchasing an additional 107 shares in the last quarter. Commonwealth Bank of Australia increased its stake in shares of Atmos Energy by 68.5% in the 2nd quarter. Commonwealth Bank of Australia now owns 278 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 113 shares in the last quarter. Finally, Lido Advisors LLC increased its stake in shares of Atmos Energy by 5.3% in the 2nd quarter. Lido Advisors LLC now owns 2,593 shares of the utilities provider’s stock worth $273,000 after purchasing an additional 130 shares in the last quarter. 84.10% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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Analyst Recommendations for Atmos Energy (NYSE:ATO)

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