Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Atmos Energy Corporation (ATO) Share Price
Headlines about Atmos Energy Corporation (NYSE:ATO) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Atmos Energy Corporation earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.2420109686149 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- ATMOS ENERGY CORPORATION : ex-dividend day (4-traders.com)
- Financial Analysis: Atmos Energy Corporation (ATO) vs. Piedmont Natural Gas (PNY) (americanbankingnews.com)
- Richard A. Sampson Purchases 1,500 Shares of Atmos Energy Corporation (ATO) Stock (americanbankingnews.com)
- Atmos Energy Corp (ATO) Charts Showing Bullish Optimism – Evergreen Caller (evergreencaller.com)
- Atmos Energy Corporation (ATO) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Shares of Atmos Energy Corporation (NYSE ATO) traded up 0.71% during mid-day trading on Wednesday, hitting $88.40. The stock had a trading volume of 245,175 shares. The stock’s 50-day moving average is $85.52 and its 200-day moving average is $81.49. The firm has a market capitalization of $9.38 billion, a PE ratio of 23.67 and a beta of 0.39. Atmos Energy Corporation has a 1-year low of $68.51 and a 1-year high of $88.69.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The business had revenue of $526.50 million during the quarter, compared to analyst estimates of $596.52 million. During the same period last year, the firm posted $0.64 earnings per share. Equities analysts expect that Atmos Energy Corporation will post $3.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Thursday, August 17th. Atmos Energy Corporation’s dividend payout ratio (DPR) is presently 48.13%.
ATO has been the topic of a number of research reports. Barclays PLC set a $84.00 target price on shares of Atmos Energy Corporation and gave the company a “sell” rating in a research report on Sunday, August 6th. BidaskClub cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $89.00 price target (up from $88.00) on shares of Atmos Energy Corporation in a research note on Thursday, June 1st. Finally, Argus upped their price target on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Atmos Energy Corporation currently has an average rating of “Hold” and an average target price of $86.83.
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In other news, Director Richard A. Sampson acquired 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at approximately $264,360. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.57% of the company’s stock.
Atmos Energy Corporation Company Profile
Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the 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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