Shares of Atmos Energy Co. (NYSE:ATO) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $100.43.
Separately, Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Tuesday, April 9th.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC increased its stake in Atmos Energy by 1,666.7% in the 1st quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 250 shares during the last quarter. Cornerstone Advisors Inc. boosted its holdings in shares of Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 146 shares during the period. Lenox Wealth Management Inc. purchased a new position in shares of Atmos Energy in the 1st quarter worth approximately $31,000. Phocas Financial Corp. purchased a new position in shares of Atmos Energy in the 4th quarter worth approximately $35,000. Finally, Truvestments Capital LLC purchased a new position in Atmos Energy during the 1st quarter valued at $41,000. 82.12% of the stock is owned by institutional investors and hedge funds.
NYSE:ATO opened at $107.02 on Friday. The company has a fifty day moving average of $103.27. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 25.18, a P/E/G ratio of 3.81 and a beta of 0.26. The company has a quick ratio of 0.69, a current ratio of 0.78 and a debt-to-equity ratio of 0.64. Atmos Energy has a twelve month low of $87.88 and a twelve month high of $108.46.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.14. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.29 billion. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. Atmos Energy’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 EPS. Equities research analysts anticipate that Atmos Energy will post 4.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, May 24th. Atmos Energy’s payout ratio is currently 52.50%.
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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