Atmos Energy (NYSE:ATO) PT Lowered to $117.00

Atmos Energy (NYSE:ATO) had its target price lowered by Morgan Stanley from $118.00 to $117.00 in a research report issued on Friday, Stock Target Advisor reports. The brokerage presently has an “overweight” rating on the utilities provider’s stock. Morgan Stanley’s price target indicates a potential upside of 9.02% from the company’s current price.

ATO has been the subject of several other reports. Argus lifted their target price on Atmos Energy to $125.00 and gave the company a “positive” rating in a research note on Tuesday, October 1st. Mizuho began coverage on Atmos Energy in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $114.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Atmos Energy from $115.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. ValuEngine cut Atmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Atmos Energy presently has a consensus rating of “Hold” and an average price target of $114.40.

NYSE ATO opened at $107.32 on Friday. The stock has a fifty day moving average of $111.90 and a 200-day moving average of $107.49. The stock has a market capitalization of $12.76 billion, a P/E ratio of 24.67, a price-to-earnings-growth ratio of 3.33 and a beta of 0.16. Atmos Energy has a 52 week low of $87.88 and a 52 week high of $115.19. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.44 and a current ratio of 0.56.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, November 6th. The utilities provider reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. The company had revenue of $443.68 million during the quarter, compared to analysts’ expectations of $582.98 million. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned $0.41 EPS. Equities research analysts forecast that Atmos Energy will post 4.63 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in ATO. Crossmark Global Holdings Inc. grew its stake in shares of Atmos Energy by 118.6% during the second quarter. Crossmark Global Holdings Inc. now owns 10,606 shares of the utilities provider’s stock worth $1,120,000 after purchasing an additional 5,754 shares during the period. Gulf International Bank UK Ltd grew its stake in shares of Atmos Energy by 0.9% during the second quarter. Gulf International Bank UK Ltd now owns 27,933 shares of the utilities provider’s stock worth $2,948,000 after purchasing an additional 250 shares during the period. Scout Investments Inc. grew its stake in shares of Atmos Energy by 26.3% during the second quarter. Scout Investments Inc. now owns 676,538 shares of the utilities provider’s stock worth $71,415,000 after purchasing an additional 140,789 shares during the period. Hexavest Inc. acquired a new stake in shares of Atmos Energy during the second quarter worth $27,000. Finally, First National Bank of Omaha grew its stake in shares of Atmos Energy by 9.5% during the second quarter. First National Bank of Omaha now owns 59,096 shares of the utilities provider’s stock worth $6,238,000 after purchasing an additional 5,111 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

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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