Atmos Energy (NYSE:ATO) Price Target Cut to $138.00 by Analysts at Morgan Stanley

Atmos Energy (NYSE:ATOGet Rating) had its price objective reduced by Morgan Stanley from $140.00 to $138.00 in a report released on Thursday morning, Stock Target Advisor reports. They currently have an overweight rating on the utilities provider’s stock.

Several other equities analysts have also recently issued reports on the stock. StockNews.com cut shares of Atmos Energy from a hold rating to a sell rating in a research note on Friday, September 2nd. Credit Suisse Group boosted their target price on shares of Atmos Energy to $131.00 in a research note on Tuesday, August 9th. Finally, Barclays decreased their target price on shares of Atmos Energy from $125.00 to $115.00 and set an equal weight rating for the company in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Atmos Energy has a consensus rating of Hold and a consensus target price of $123.13.

Atmos Energy Stock Performance

Shares of NYSE ATO opened at $113.33 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.94 and a debt-to-equity ratio of 0.62. Atmos Energy has a 12 month low of $85.80 and a 12 month high of $122.96. The company has a 50 day simple moving average of $115.87 and a two-hundred day simple moving average of $114.94. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 2.72 and a beta of 0.51.

Atmos Energy (NYSE:ATOGet Rating) last posted its earnings results on Wednesday, August 3rd. The utilities provider reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. Atmos Energy had a net margin of 18.57% and a return on equity of 8.73%. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, analysts predict that Atmos Energy will post 5.57 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Friday, August 19th. Atmos Energy’s payout ratio is 49.28%.

Institutional Investors Weigh In On Atmos Energy

A number of large investors have recently modified their holdings of the business. Veriti Management LLC grew its holdings in shares of Atmos Energy by 2.2% during the first quarter. Veriti Management LLC now owns 3,881 shares of the utilities provider’s stock worth $464,000 after buying an additional 85 shares in the last quarter. Everett Harris & Co. CA grew its holdings in shares of Atmos Energy by 2.2% in the first quarter. Everett Harris & Co. CA now owns 4,008 shares of the utilities provider’s stock valued at $479,000 after purchasing an additional 86 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in shares of Atmos Energy by 3.1% in the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 3,067 shares of the utilities provider’s stock valued at $344,000 after purchasing an additional 91 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Atmos Energy by 2.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,433 shares of the utilities provider’s stock valued at $410,000 after purchasing an additional 95 shares during the period. Finally, CWM LLC grew its holdings in shares of Atmos Energy by 10.2% in the first quarter. CWM LLC now owns 1,103 shares of the utilities provider’s stock valued at $132,000 after purchasing an additional 102 shares during the period. Hedge funds and other institutional investors own 90.71% of the company’s stock.

Atmos Energy Company Profile

(Get Rating)

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 two segments, Distribution, and Pipeline and Storage. 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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