Atmos Energy Co. (NYSE:ATO) – Investment analysts at Seaport Global Securities decreased their Q3 2017 earnings estimates for shares of Atmos Energy in a report issued on Thursday. Seaport Global Securities analyst M. Levin now forecasts that the utilities provider will earn $0.65 per share for the quarter, down from their prior estimate of $0.68. Seaport Global Securities also issued estimates for Atmos Energy’s FY2017 earnings at $3.60 EPS.

ATO has been the topic of a number of other reports. Barclays PLC set a $75.00 price target on shares of Atmos Energy and gave the stock a “sell” rating in a research note on Saturday. Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.50.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/05/08/q3-2017-eps-estimates-for-atmos-energy-co-ato-cut-by-analyst.html.

Shares of Atmos Energy (NYSE:ATO) opened at 82.17 on Monday. The stock’s 50 day moving average price is $80.22 and its 200-day moving average price is $75.76. Atmos Energy has a 52-week low of $68.51 and a 52-week high of $82.37.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.10. During the same period last year, the firm earned $1.40 EPS.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Monday, May 22nd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $1.80 annualized dividend and a yield of 2.19%. Atmos Energy’s payout ratio is currently 50.14%.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. ETRADE Capital Management LLC raised its position in shares of Atmos Energy by 0.8% in the third quarter. ETRADE Capital Management LLC now owns 2,759 shares of the utilities provider’s stock valued at $205,000 after buying an additional 22 shares during the last quarter. Advisor Partners LLC raised its position in shares of Atmos Energy by 1.0% in the first quarter. Advisor Partners LLC now owns 2,777 shares of the utilities provider’s stock valued at $219,000 after buying an additional 28 shares during the last quarter. Lbmc Investment Advisors LLC raised its position in shares of Atmos Energy by 0.6% in the third quarter. Lbmc Investment Advisors LLC now owns 5,262 shares of the utilities provider’s stock valued at $392,000 after buying an additional 29 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Atmos Energy by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,809 shares of the utilities provider’s stock valued at $1,249,000 after buying an additional 74 shares during the last quarter. Finally, Boston Advisors LLC raised its position in shares of Atmos Energy by 2.3% in the first quarter. Boston Advisors LLC now owns 6,862 shares of the utilities provider’s stock valued at $542,000 after buying an additional 151 shares during the last quarter. Institutional investors own 69.86% of the company’s stock.

Atmos Energy Company Profile

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the 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.

5 Day Chart for NYSE:ATO

Receive News & Ratings for Atmos Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.