Analysts Set Atmos Energy Corporation (ATO) Price Target at $86.80
Atmos Energy Corporation (NYSE:ATO) has been given an average recommendation of “Hold” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $86.80.
A number of analysts have commented on ATO shares. Barclays PLC set a $84.00 target price on shares of Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Argus increased their price objective on shares of Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $77.00 price objective (up from $67.00) on shares of Atmos Energy Corporation in a research note on Friday, September 1st. BidaskClub raised shares of Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Finally, Zacks Investment Research cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th.
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Shares of Atmos Energy Corporation (ATO) traded up $0.31 during mid-day trading on Friday, reaching $89.42. 459,500 shares of the company’s stock were exchanged, compared to its average volume of 362,496. Atmos Energy Corporation has a twelve month low of $69.57 and a twelve month high of $91.00. The stock has a market capitalization of $9,450.00, a PE ratio of 24.28, a P/E/G ratio of 3.51 and a beta of 0.38. 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 announced its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. During the same quarter in the previous year, the firm earned $0.40 EPS. sell-side analysts predict that Atmos Energy Corporation will post 3.61 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be paid a $0.485 dividend. The ex-dividend date is Friday, November 24th. This is a boost from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.17%. Atmos Energy Corporation’s dividend payout ratio is 49.86%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in shares of Atmos Energy Corporation by 298.1% in the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock worth $3,208,000 after purchasing an additional 28,960 shares in the last quarter. Prudential Financial Inc. grew its stake in Atmos Energy Corporation by 12.8% during the second quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after acquiring an additional 95,248 shares in the last quarter. Legal & General Group Plc grew its stake in Atmos Energy Corporation by 5.3% during the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after acquiring an additional 23,724 shares in the last quarter. Swiss National Bank grew its stake in Atmos Energy Corporation by 4.2% during the second quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after acquiring an additional 15,400 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Atmos Energy Corporation by 2.1% during the second quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after acquiring an additional 1,772 shares in the last quarter. 69.79% of the stock is owned by hedge funds and other institutional investors.
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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