Atmos Energy (NYSE:ATO) PT Raised to $138.00

Atmos Energy (NYSE:ATOGet Free Report) had its price target increased by equities research analysts at Mizuho from $133.00 to $138.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Mizuho’s target price indicates a potential upside of 17.65% from the stock’s current price.

Several other research firms also recently issued reports on ATO. StockNews.com upgraded shares of Atmos Energy from a “sell” rating to a “hold” rating in a report on Friday, May 10th. Barclays raised their price target on shares of Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Wells Fargo & Company boosted their price objective on shares of Atmos Energy from $121.00 to $130.00 and gave the company an “equal weight” rating in a report on Friday, May 10th. Finally, UBS Group began coverage on Atmos Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $124.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atmos Energy presently has an average rating of “Moderate Buy” and a consensus target price of $127.17.

Read Our Latest Analysis on ATO

Atmos Energy Trading Up 0.8 %

NYSE ATO opened at $117.30 on Monday. Atmos Energy has a 52 week low of $101.00 and a 52 week high of $125.28. The company has a 50 day moving average price of $116.83 and a 200 day moving average price of $114.76. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The firm has a market cap of $17.70 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.48 and a beta of 0.66.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, beating the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $2.48 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Atmos Energy will post 6.75 EPS for the current fiscal year.

Insider Activity at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the sale, the director now directly owns 186,339 shares of the company’s stock, valued at approximately $21,701,039.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Atmos Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Atmos Energy by 4.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,696 shares of the utilities provider’s stock valued at $2,828,000 after buying an additional 1,057 shares in the last quarter. Park Avenue Securities LLC purchased a new position in shares of Atmos Energy in the 3rd quarter valued at about $310,000. Oregon Public Employees Retirement Fund increased its stake in shares of Atmos Energy by 2.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,506 shares of the utilities provider’s stock valued at $1,219,000 after purchasing an additional 300 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Atmos Energy by 4.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 154,915 shares of the utilities provider’s stock worth $16,410,000 after purchasing an additional 5,932 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Atmos Energy by 2.1% during the third quarter. CIBC Asset Management Inc now owns 26,649 shares of the utilities provider’s stock worth $2,823,000 after purchasing an additional 543 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company’s stock.

About Atmos Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Atmos Energy (NYSE:ATO)

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