Atmos Energy Corporation (NYSE:ATO) – Equities research analysts at Seaport Global Securities boosted their FY2017 earnings per share estimates for shares of Atmos Energy Corporation in a research note issued on Thursday. Seaport Global Securities analyst M. Levin now anticipates that the utilities provider will earn $3.62 per share for the year, up from their previous forecast of $3.60. Seaport Global Securities also issued estimates for Atmos Energy Corporation’s FY2018 earnings at $3.85 EPS and FY2019 earnings at $4.10 EPS.

Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC restated a “sell” rating and issued a $76.00 price target on shares of Atmos Energy Corporation in a research note on Friday, July 21st. Finally, Argus upped their price target on Atmos Energy Corporation from $89.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $85.50.

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Atmos Energy Corporation (NYSE:ATO) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analysts’ expectations of $596.52 million. During the same period in the previous year, the firm earned $0.64 EPS.

A number of hedge funds have recently modified their holdings of the stock. Carroll Financial Associates Inc. increased its stake in shares of Atmos Energy Corporation by 0.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,282 shares of the utilities provider’s stock valued at $106,000 after buying an additional 4 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Atmos Energy Corporation 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 in the last quarter. Lbmc Investment Advisors LLC increased its stake in shares of Atmos Energy Corporation by 0.6% in the first quarter. Lbmc Investment Advisors LLC now owns 5,325 shares of the utilities provider’s stock valued at $421,000 after buying an additional 31 shares in the last quarter. Public Employees Retirement Association of Colorado increased its stake in shares of Atmos Energy Corporation by 1.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,243 shares of the utilities provider’s stock valued at $269,000 after buying an additional 35 shares in the last quarter. Finally, Ronna Sue Cohen increased its stake in shares of Atmos Energy Corporation by 0.5% in the second quarter. Ronna Sue Cohen now owns 7,515 shares of the utilities provider’s stock valued at $623,000 after buying an additional 40 shares in the last quarter. Institutional investors and hedge funds own 72.10% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Monday, August 21st will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $1.80 annualized dividend and a yield of 2.06%. Atmos Energy Corporation’s dividend payout ratio is 48.13%.

Atmos Energy Corporation 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.

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