Atmos Energy Co. (NYSE:ATO) Given Average Recommendation of “Moderate Buy” by Brokerages

Atmos Energy Co. (NYSE:ATOGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $127.17.

ATO has been the subject of a number of research analyst reports. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. UBS Group started 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. Mizuho lifted their price objective on Atmos Energy from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Barclays lifted their price objective on Atmos Energy from $121.00 to $129.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 14th. Finally, Wells Fargo & Company upgraded Atmos Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $130.00 to $132.00 in a research note on Tuesday, May 14th.

Check Out Our Latest Analysis on ATO

Insider Activity

In other news, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the transaction, the director now directly owns 3,551 shares in the company, valued at $419,018. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total value of $1,746,900.00. Following the sale, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Diana J. Walters sold 400 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $118.00, for a total value of $47,200.00. Following the completion of the sale, the director now owns 3,551 shares in the company, valued at $419,018. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On Atmos Energy

Hedge funds have recently made changes to their positions in the company. Reaves W H & Co. Inc. lifted its position in shares of Atmos Energy by 281.3% in the fourth quarter. Reaves W H & Co. Inc. now owns 562,622 shares of the utilities provider’s stock worth $65,208,000 after buying an additional 415,054 shares in the last quarter. Vest Financial LLC increased its stake in Atmos Energy by 33.3% during the fourth quarter. Vest Financial LLC now owns 247,048 shares of the utilities provider’s stock worth $28,633,000 after acquiring an additional 61,708 shares during the last quarter. Mizuho Markets Americas LLC increased its stake in Atmos Energy by 57.6% during the fourth quarter. Mizuho Markets Americas LLC now owns 41,621 shares of the utilities provider’s stock worth $4,824,000 after acquiring an additional 15,205 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Atmos Energy by 76.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 138,150 shares of the utilities provider’s stock worth $16,012,000 after acquiring an additional 59,979 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Atmos Energy by 19.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,484,105 shares of the utilities provider’s stock worth $172,008,000 after acquiring an additional 242,722 shares during the last quarter. 90.17% of the stock is currently owned by hedge funds and other institutional investors.

Atmos Energy Trading Down 1.2 %

NYSE ATO opened at $112.61 on Monday. Atmos Energy has a fifty-two week low of $101.00 and a fifty-two week high of $125.28. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.22 and a current ratio of 1.36. The stock has a 50 day simple moving average of $117.02 and a two-hundred day simple moving average of $115.14. The stock has a market cap of $16.99 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of 2.38 and a beta of 0.66.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.23. The business had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $2.48 EPS. On average, analysts forecast that Atmos Energy will post 6.75 earnings per share for the current year.

Atmos Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th will be given a $0.805 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $3.22 annualized dividend and a dividend yield of 2.86%. Atmos Energy’s payout ratio is 48.28%.

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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