In a research note distributed to investors on Monday, equity analysts from JPMorgan Chase & Co. lowered their target price for Atmos Energy (NYSE: ATO) from $125.00 to $115.00. Benzinga reported this information. The corporation currently regards the shares of the utility service provider as an “overweight” investment. The fact that JPMorgan Chase & Co. has established a price target indicates that the institution anticipates the stock’s price to increase from its current level of 0.98 percent.
Recently, a wide range of research analysts from various companies was provided with the opportunity to share their perspectives on the stock. On December 8th, a “sell” rating was assigned to Atmos Energy by StockNews.com, which previously recommended that investors “hold” the company’s shares. Before this point, the company had been recommended to “hold” its shares. In a research note regarding Atmos Energy published on November 14th, Mizuho lowered its “buy” rating and its price target for the stock. The “buy” rating is still present, even though the price target was reduced from $132.00 to $128.00. Wells Fargo & Company raised their price objective on Atmos Energy from $123.00 to $132.00 in a research report that was made public on Wednesday, December 14th. Seaport Research Partners reaffirmed the “neutral” rating they had previously assigned to shares of Atmos Energy in a research note published on October 24th. In a research report released on Thursday, December 15th, Morgan Stanley rated Atmos Energy as “overweight” and increased their price target for the company’s shares of Atmos Energy from $120.00 to $128.00. In addition, they raised the price target from $120.00 to $128.0. One of the equity research analysts has suggested that investors sell the stock, while another three believe that investors should continue to hold onto it, and the remaining five believe that investors should buy it. The current recommendation for Atmos Energy is “Hold,” and the consensus price objective is set at $121.71 per share, according to the data obtained from Bloomberg.
On Monday, the price of one share of ATO rose by $1.35, bringing it to a new all-time high of $113.88. A total of 8,853 shares were traded by the company, with an average volume of 845,900 shares at $113.88. A total of 8,853 shares were traded by the company, with an average volume of 845,900. A total of 8,853 shares were traded, while the volume of trading for the day was 845,900. In terms of share price, Atmos Energy has experienced a one-year high of $122.96 and a one-year low of $97.71 over the past year. The debt-to-equity ratio is 0.61, the current ratio is 0.85, and the quick ratio is 0.75. All of these numbers are relative to one another. Therefore, these numbers can all be understood by one another. The stock price is currently trading at either $112.26 or $113.54 relative to its 200-day simple moving average and its 50-day simple moving average, respectively. The P/E/G ratio of the stock is 2.52, and its beta value is 0.59; the stock’s market capitalization is $16.06 billion.
On November 9th, 2018, Atmos Energy (NYSE: ATO) announced its most recent financial results to the public. The provider of utility services reported earnings per share (EPS) for the quarter of $0.51, which is an increase of $0.06 compared to the average estimate of $0.45. The company’s quarterly revenue of $722.70 million, as opposed to the $659.68 million that was projected, exceeded the expectations of industry watchers regarding the company’s performance. In their financial statements, Atmos Energy indicated that their net margin was 18.43%, and their equity return was 8.61%. Compared to the current quarter, the previous quarter’s sales of the company’s products and services saw a 27.1% increase. Earnings per share for the company were $0.37 during the same period the previous year. According to the forecasts provided by specialists in equity research, Atmos Energy should generate profits of 5.97 cents per share for the current financial year.
On Tuesday, November 15th, Vice President Richard M. Thomas completed the sale of 1,100 shares of company stock. This information is relevant to this topic and other recent developments. The transaction involved the sale of the shares at an average price of $110.37 per share, which resulted in a total sale volume of $121,407.00. As a direct result of the transaction, the company’s vice president now has direct ownership of 2,891 shares of the company’s stock, which have a value of $319,079,67. In addition, the Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. As a result, the corporation’s insiders hold ownership of 0.50% of the total shares outstanding in the company.
As a result of recent occurrences, institutional investors and hedge funds have modified their positions within the industry. During the third quarter, Vanguard Group Inc. increased the amount of Atmos Energy stock owned by 2.4%, bringing its total ownership percentage to 100%. Vanguard Group Inc. now holds a total of 18,030,858 shares of the stock of the utility provider, which has a market value of $1,836,444,000 after purchasing 422,653 additional shares during the period in question. The value of State Street Corporation’s holdings in Atmos Energy increased by 5.1% during the first three months of 2018. The utility provider is now directly controlled by State Street Corporation, which has 10,772,352 shares valued at $1,287,188,000. This was only made possible by the recent purchase of an additional 527,261 shares, which was completed at the writing time. During the second quarter, Deutsche Bank AG achieved a 14.9% increase in the proportion of Atmos Energy stock it owned. Deutsche Bank AG now owns a total of 4,917,780 shares of the utilities provider’s stock, with a value of $551,284,000, following the acquisition of an additional 636,809 shares during the most recent quarter. Because of this, the total number of shares that the company owns can now be expressed as a round number. During the second quarter, GQG Partners LLC achieved a 2.4% increase in the proportion of Atmos Energy shares it owned. Following the acquisition of a further 105,241 shares during the period in question, GQG Partners LLC now possesses a total of 4,415,431 shares of the stock held by the utility provider. This gives the company a total asset value of $495,219,000. And finally, during the first three months of this year, Invesco Ltd. increased the number of Atmos Energy shares that it owned by 24.0%, bringing the total to a percentage of shares owned that is now 100%. Following the acquisition of 533,372 shares during the most recent quarter, Invesco Ltd. now possesses a total of 2,756,708 shares held by the utility provider. These shares have a current market value of $329,399,000. The company’s shares are controlled, as a group, by hedge funds and other institutional investors to 91.03 percent.
All the regulated natural gas distribution, pipeline, and storage industries in the United States receive support from Atmos Energy Corporation and its subsidiaries and affiliates. The distribution and pipeline and storage markets are the two areas in which it competes for customers. The Distribution Division is accountable for regulated natural gas distribution and sales operations connected to it in eight different states across the country.
Source: news.google.com
