Atmos Energy Corporation (ATO) Hits New 12-Month High at $90.49

Atmos Energy Corporation (NYSE:ATO) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $90.49 and last traded at $89.54, with a volume of 487600 shares traded. The stock had previously closed at $89.16.

ATO has been the topic of a number of recent analyst reports. Barclays PLC set a $84.00 target price on Atmos Energy Corporation and gave the stock a “sell” rating in a research report on Sunday, August 6th. Argus boosted their target price on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $77.00 target price (up from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Finally, Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $85.67.

The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $9,607.44, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 3.65 and a beta of 0.38.

Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. During the same period in the previous year, the company posted $0.40 EPS. research analysts expect that Atmos Energy Corporation will post 3.6 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be issued a dividend of $0.485 per share. This is an increase from Atmos Energy Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.17%. Atmos Energy Corporation’s payout ratio is currently 48.13%.

Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Atmos Energy Corporation by 298.1% during the second quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock valued at $3,208,000 after buying an additional 28,960 shares in the last quarter. Prudential Financial Inc. grew its stake in Atmos Energy Corporation by 12.8% in the second quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after purchasing an additional 95,248 shares in the last quarter. Legal & General Group Plc grew its stake in Atmos Energy Corporation by 5.3% in the second quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after purchasing an additional 23,724 shares in the last quarter. Swiss National Bank grew its stake in Atmos Energy Corporation by 4.2% in the second quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after purchasing an additional 15,400 shares in the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Atmos Energy Corporation by 2.1% in the second quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after purchasing an additional 1,772 shares in the last quarter. Institutional investors and hedge funds own 69.55% of the company’s stock.

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Atmos Energy Corporation Company Profile

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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