Atmos Energy Corp. (NYSE:ATO) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the firm. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $79.00.
Several brokerages recently issued reports on ATO. Citigroup Inc. lifted their price objective on Atmos Energy Corp. from $58.00 to $81.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Zacks Investment Research upgraded Atmos Energy Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. cut their price objective on Atmos Energy Corp. from $88.00 to $87.00 and set an “overweight” rating for the company in a research report on Friday, August 5th.
In other news, SVP Louis P. Gregory sold 4,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $78.10, for a total transaction of $312,400.00. Following the completion of the sale, the senior vice president now directly owns 82,182 shares of the company’s stock, valued at approximately $6,418,414.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas C. Meredith sold 1,020 shares of the business’s stock in a transaction on Friday, August 19th. The shares were sold at an average price of $75.24, for a total transaction of $76,744.80. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in shares of Atmos Energy Corp. by 174.2% in the first quarter. Bessemer Group Inc. now owns 1,522 shares of the company’s stock valued at $113,000 after buying an additional 967 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Atmos Energy Corp. by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,621 shares of the company’s stock valued at $132,000 after buying an additional 764 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Atmos Energy Corp. by 7.4% in the second quarter. Nordea Investment Management AB now owns 2,147 shares of the company’s stock valued at $175,000 after buying an additional 147 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of Atmos Energy Corp. during the second quarter valued at about $202,000. Finally, Jaffetilchin Investment Partners LLC bought a new stake in shares of Atmos Energy Corp. during the second quarter valued at about $202,000. 70.64% of the stock is owned by institutional investors.
Shares of Atmos Energy Corp. (NYSE:ATO) opened at 76.64 on Wednesday. Atmos Energy Corp. has a 52 week low of $56.82 and a 52 week high of $81.97. The firm has a market capitalization of $7.96 billion, a PE ratio of 23.27 and a beta of 0.33. The stock has a 50 day moving average price of $75.14 and a 200 day moving average price of $75.13.
Atmos Energy Corp. (NYSE:ATO) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. During the same period last year, the company earned $0.54 EPS. Equities analysts forecast that Atmos Energy Corp. will post $3.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a $1.68 annualized dividend and a dividend yield of 2.19%. Atmos Energy Corp.’s dividend payout ratio is presently 50.91%.
Atmos Energy Corp. Company Profile
Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South.
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