Atmos Energy (NYSE:ATO) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also weighed in on the stock. Citigroup lifted their price target on shares of Atmos Energy from $88.00 to $103.00 and gave the company a “neutral” rating in a research note on Thursday, November 29th. Bank of America lifted their price target on shares of Atmos Energy from $94.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. Barclays set a $91.00 price target on shares of Atmos Energy and gave the company a “sell” rating in a research note on Friday, October 12th. Finally, Morgan Stanley set a $103.00 price target on shares of Atmos Energy and gave the company a “buy” rating in a research note on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Atmos Energy currently has an average rating of “Buy” and a consensus price target of $96.25.

Shares of NYSE ATO opened at $99.50 on Thursday. The company has a market cap of $10.98 billion, a P/E ratio of 24.88, a PEG ratio of 3.54 and a beta of 0.11. The company has a quick ratio of 0.16, a current ratio of 0.25 and a debt-to-equity ratio of 0.52. Atmos Energy has a 52-week low of $76.46 and a 52-week high of $100.76.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, November 7th. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05. The firm had revenue of $444.70 million for the quarter, compared to analyst estimates of $613.41 million. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS. As a group, equities research analysts predict that Atmos Energy will post 4.28 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc lifted its position in shares of Atmos Energy by 1.4% in the third quarter. Vanguard Group Inc now owns 11,741,047 shares of the utilities provider’s stock worth $1,102,603,000 after purchasing an additional 159,027 shares in the last quarter. BlackRock Inc. lifted its position in shares of Atmos Energy by 2.7% in the third quarter. BlackRock Inc. now owns 11,273,482 shares of the utilities provider’s stock worth $1,058,693,000 after purchasing an additional 295,395 shares in the last quarter. Magellan Asset Management Ltd lifted its position in shares of Atmos Energy by 8.9% in the third quarter. Magellan Asset Management Ltd now owns 2,089,064 shares of the utilities provider’s stock worth $196,184,000 after purchasing an additional 170,894 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of Atmos Energy by 0.3% in the third quarter. Cohen & Steers Inc. now owns 1,458,673 shares of the utilities provider’s stock worth $136,984,000 after purchasing an additional 4,993 shares in the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Atmos Energy by 0.3% in the third quarter. Marshall Wace North America L.P. now owns 1,421,522 shares of the utilities provider’s stock worth $133,496,000 after purchasing an additional 4,439 shares in the last quarter. 74.43% of the stock is currently owned by hedge funds and other institutional investors.

About Atmos Energy

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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The Fly

Analyst Recommendations for Atmos Energy (NYSE:ATO)

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