Shares of Atmos Energy Co. (NYSE:ATO) have received an average recommendation of “Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $99.33.

Several equities research analysts have recently weighed in on the company. UBS Group lowered Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research note on Thursday, December 13th. They noted that the move was a valuation call. Citigroup raised their price objective on Atmos Energy from $88.00 to $103.00 and gave the stock a “neutral” rating in a research note on Thursday, November 29th. Argus reissued a “buy” rating and set a $101.00 price objective on shares of Atmos Energy in a research note on Monday, December 31st. Finally, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $101.00 target price for the company in a research report on Monday, December 31st.

Shares of ATO traded up $0.01 during trading hours on Friday, hitting $101.51. 2,586,519 shares of the company were exchanged, compared to its average volume of 1,479,004. The firm has a market cap of $11.87 billion, a PE ratio of 25.38, a P/E/G ratio of 3.63 and a beta of 0.26. The company has a quick ratio of 0.53, a current ratio of 0.63 and a debt-to-equity ratio of 0.58. Atmos Energy has a one year low of $79.49 and a one year high of $102.44.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Tuesday, February 5th. The utilities provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.05. The business had revenue of $877.78 million during the quarter, compared to analyst estimates of $969.71 million. Atmos Energy had a return on equity of 9.17% and a net margin of 14.39%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. On average, equities research analysts anticipate that Atmos Energy will post 4.29 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, February 25th were given a $0.525 dividend. The ex-dividend date of this dividend was Friday, February 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.07%. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.

Institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. boosted its position in Atmos Energy by 21.4% during the third quarter. Russell Investments Group Ltd. now owns 173,611 shares of the utilities provider’s stock valued at $16,289,000 after purchasing an additional 30,566 shares during the last quarter. Victory Capital Management Inc. boosted its position in Atmos Energy by 99.2% during the third quarter. Victory Capital Management Inc. now owns 538,247 shares of the utilities provider’s stock valued at $50,547,000 after purchasing an additional 268,046 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Atmos Energy by 13.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,581 shares of the utilities provider’s stock valued at $1,275,000 after purchasing an additional 1,607 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Atmos Energy during the third quarter valued at $620,000. Finally, Icon Advisers Inc. Co. boosted its position in Atmos Energy by 9.9% during the third quarter. Icon Advisers Inc. Co. now owns 7,800 shares of the utilities provider’s stock valued at $732,000 after purchasing an additional 700 shares during the last quarter. 78.89% of the stock is 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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