Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Atmos Energy (ATO) Stock Price
Media stories about Atmos Energy (NYSE:ATO) have trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Atmos Energy earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 47.0777923966566 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of brokerages have recently weighed in on ATO. BidaskClub lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC set a $84.00 price objective on shares of Atmos Energy and gave the stock a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Argus increased their price target on shares of Atmos Energy from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co increased their price target on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $86.80.
Shares of Atmos Energy (NYSE ATO) traded up $0.10 during trading on Friday, reaching $88.72. 137,259 shares of the company’s stock were exchanged, compared to its average volume of 393,413. 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 has a 12-month low of $69.57 and a 12-month high of $91.00. The company has a market cap of $9,414.35, a P/E ratio of 24.17, a PEG ratio of 3.56 and a beta of 0.38.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. During the same quarter in the prior year, the company earned $0.40 earnings per share. analysts forecast that Atmos Energy will post 3.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.485 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.19%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. Atmos Energy’s dividend payout ratio is presently 48.13%.
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About Atmos Energy
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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