Atmos Energy (ATO) Price Target Lowered to $89.00 at Argus

Atmos Energy (NYSE:ATO) had its price objective cut by Argus from $97.00 to $89.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the utilities provider’s stock. Argus’ target price suggests a potential upside of 10.11% from the company’s current price.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Atmos Energy presently has a consensus rating of “Hold” and an average target price of $87.60.

Shares of Atmos Energy (NYSE ATO) traded up $0.14 during mid-day trading on Thursday, hitting $80.83. 837,142 shares of the stock were exchanged, compared to its average volume of 520,487. Atmos Energy has a fifty-two week low of $72.58 and a fifty-two week high of $93.56. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53. The stock has a market cap of $8,968.74, a P/E ratio of 21.61, a PEG ratio of 3.01 and a beta of 0.40.

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

Several hedge funds have recently added to or reduced their stakes in ATO. Aberdeen Asset Management PLC UK purchased a new position in Atmos Energy during the second quarter valued at approximately $597,000. Riverhead Capital Management LLC raised its stake in Atmos Energy by 68.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,756 shares of the utilities provider’s stock valued at $560,000 after purchasing an additional 2,756 shares during the last quarter. Teachers Advisors LLC raised its stake in Atmos Energy by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 163,577 shares of the utilities provider’s stock valued at $13,569,000 after purchasing an additional 9,656 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Atmos Energy by 23.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 263,829 shares of the utilities provider’s stock valued at $21,885,000 after purchasing an additional 50,893 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Atmos Energy by 2.7% during the 2nd quarter. BlackRock Inc. now owns 9,636,125 shares of the utilities provider’s stock valued at $799,314,000 after purchasing an additional 255,277 shares during the last quarter. Institutional investors own 67.70% of the company’s stock.

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About Atmos Energy

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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