Atmos Energy (NYSE:ATO – Get Free Report) was upgraded by Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a $132.00 target price on the utilities provider’s stock, up from their previous target price of $130.00. Wells Fargo & Company‘s price objective points to a potential upside of 12.04% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Mizuho upped their target price on shares of Atmos Energy from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com raised shares of Atmos Energy from a “sell” rating to a “hold” rating in a research note on Friday, May 10th. UBS Group started coverage on shares of Atmos Energy in a report on Friday, April 12th. They set a “neutral” rating and a $124.00 price objective for the company. Finally, Barclays boosted their target price on Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $127.17.
Check Out Our Latest Stock Report on ATO
Atmos Energy Stock Up 0.5 %
Shares of ATO opened at $117.81 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.36 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $116.88 and a two-hundred day moving average price of $114.78. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 2.46 and a beta of 0.66. Atmos Energy has a 12 month low of $101.00 and a 12 month high of $125.28.
Atmos Energy (NYSE:ATO – Get Free Report) last posted its earnings results on Wednesday, May 8th. The utilities provider reported $2.85 EPS for the quarter, topping the consensus estimate of $2.62 by $0.23. Atmos Energy had a return on equity of 9.01% and a net margin of 24.65%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the company earned $2.48 EPS. Atmos Energy’s revenue was up 6.9% on a year-over-year basis. Equities analysts predict that Atmos Energy will post 6.75 EPS for the current fiscal year.
Insider Buying and Selling
In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 186,339 shares in the company, valued at approximately $21,701,039.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in ATO. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Atmos Energy by 4.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,696 shares of the utilities provider’s stock valued at $2,828,000 after buying an additional 1,057 shares during the period. Park Avenue Securities LLC acquired a new position in shares of Atmos Energy in the 3rd quarter valued at $310,000. Oregon Public Employees Retirement Fund boosted its position in shares of Atmos Energy by 2.7% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 11,506 shares of the utilities provider’s stock worth $1,219,000 after purchasing an additional 300 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Atmos Energy by 4.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 154,915 shares of the utilities provider’s stock worth $16,410,000 after purchasing an additional 5,932 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in Atmos Energy by 2.1% in the third quarter. CIBC Asset Management Inc now owns 26,649 shares of the utilities provider’s stock valued at $2,823,000 after purchasing an additional 543 shares during the last quarter. 90.17% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy Company Profile
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.
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