Atmos Energy (ATO) PT Lowered to $89.00 at Argus

Atmos Energy (NYSE:ATO) had its target price cut by Argus from $97.00 to $89.00 in a research note released on Thursday morning. They currently have a buy rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the company. Zacks Investment Research raised Atmos Energy from a hold rating to a buy rating and set a $94.00 price target on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. upped their price objective on Atmos Energy from $91.00 to $94.00 and gave the company an overweight rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $87.60.

Shares of Atmos Energy (NYSE ATO) opened at $80.83 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.53 and a quick ratio of 0.35. Atmos Energy has a 12-month low of $72.58 and a 12-month high of $93.56. The company has a market capitalization of $8,968.74, a P/E ratio of 21.61, a PEG ratio of 3.01 and a beta of 0.40.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. During the same period in the prior year, the firm earned $0.40 earnings per share. research analysts predict that Atmos Energy will post 3.61 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ATO. Aberdeen Asset Management PLC UK bought a new position in Atmos Energy in the 2nd quarter valued at approximately $597,000. Riverhead Capital Management LLC lifted its position in Atmos Energy by 68.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,756 shares of the utilities provider’s stock valued at $560,000 after acquiring an additional 2,756 shares in the last quarter. Teachers Advisors LLC lifted its position in Atmos Energy by 6.3% in the 2nd quarter. Teachers Advisors LLC now owns 163,577 shares of the utilities provider’s stock valued at $13,569,000 after acquiring an additional 9,656 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in Atmos Energy by 23.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 263,829 shares of the utilities provider’s stock valued at $21,885,000 after acquiring an additional 50,893 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Atmos Energy by 2.7% in the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after acquiring an additional 255,277 shares in the last quarter. 67.70% of the stock is currently owned by institutional investors and hedge funds.

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About Atmos Energy

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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