Analysts Set Atmos Energy Co. (ATO) Price Target at $89.20

Shares of Atmos Energy Co. (NYSE:ATO) have received an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $89.20.

ATO has been the subject of several analyst reports. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, December 12th. JPMorgan Chase & Co. increased their price objective on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th.

Shares of Atmos Energy (NYSE ATO) traded down $1.79 during midday trading on Monday, hitting $80.80. The stock had a trading volume of 475,300 shares, compared to its average volume of 529,743. Atmos Energy has a twelve month low of $72.58 and a twelve month high of $93.56. The stock has a market capitalization of $8,890.00, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 3.09 and a beta of 0.40. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. During the same period in the previous year, the company earned $0.40 EPS. research analysts anticipate that Atmos Energy will post 3.61 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. increased its holdings in shares of Atmos Energy by 16.6% during the 3rd quarter. Prudential Financial Inc. now owns 978,216 shares of the utilities provider’s stock valued at $82,014,000 after acquiring an additional 139,400 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Atmos Energy by 10.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 171,456 shares of the utilities provider’s stock valued at $14,375,000 after acquiring an additional 15,699 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in shares of Atmos Energy during the 3rd quarter valued at about $461,000. Public Employees Retirement System of Ohio increased its holdings in shares of Atmos Energy by 68.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 76,428 shares of the utilities provider’s stock valued at $6,408,000 after acquiring an additional 30,998 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Atmos Energy during the 3rd quarter valued at about $529,000. 67.70% of the stock is currently owned by institutional investors and hedge funds.

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Atmos Energy 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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