Atmos Energy (NYSE:ATO) Stock Rating Upgraded by StockNews.com

Atmos Energy (NYSE:ATOGet Free Report) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other equities research analysts have also recently weighed in on ATO. UBS Group began coverage on Atmos Energy in a research note on Friday, April 12th. They issued a “neutral” rating and a $124.00 price objective for the company. Wells Fargo & Company increased their price target on shares of Atmos Energy from $121.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday. Finally, Barclays lifted their price objective on shares of Atmos Energy from $115.00 to $121.00 and gave the company an “equal weight” rating in a report on Thursday, March 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $124.67.

Get Our Latest Stock Report on Atmos Energy

Atmos Energy Trading Down 2.1 %

Atmos Energy stock traded down $2.51 during mid-day trading on Friday, hitting $117.18. The company’s stock had a trading volume of 2,929,244 shares, compared to its average volume of 682,424. Atmos Energy has a 1 year low of $101.00 and a 1 year high of $125.28. The company has a current ratio of 1.44, a quick ratio of 1.25 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $17.68 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. The stock’s fifty day moving average is $116.74 and its two-hundred day moving average is $114.54.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.23. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.54 billion. Atmos Energy had a return on equity of 8.62% and a net margin of 23.43%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $2.48 EPS. On average, analysts anticipate that Atmos Energy will post 6.6 EPS for the current year.

Insider Activity at Atmos Energy

In other news, Director Kim R. Cocklin sold 15,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the transaction, the director now directly owns 186,339 shares of the company’s stock, valued at approximately $21,701,039.94. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Atmos Energy

A number of institutional investors and hedge funds have recently made changes to their positions in ATO. Ontario Teachers Pension Plan Board lifted its holdings in shares of Atmos Energy by 43.1% during the first quarter. Ontario Teachers Pension Plan Board now owns 93,466 shares of the utilities provider’s stock worth $11,110,000 after purchasing an additional 28,151 shares during the period. TIAA Trust National Association boosted its holdings in shares of Atmos Energy by 2.9% in the first quarter. TIAA Trust National Association now owns 3,612 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 103 shares in the last quarter. Vanguard Group Inc. raised its holdings in Atmos Energy by 0.7% during the first quarter. Vanguard Group Inc. now owns 19,472,036 shares of the utilities provider’s stock worth $2,314,641,000 after purchasing an additional 127,199 shares in the last quarter. Intech Investment Management LLC lifted its position in Atmos Energy by 24.9% in the first quarter. Intech Investment Management LLC now owns 25,546 shares of the utilities provider’s stock valued at $3,037,000 after purchasing an additional 5,097 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Atmos Energy by 7.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 97,986 shares of the utilities provider’s stock valued at $11,647,000 after purchasing an additional 6,761 shares in the last quarter. 90.17% of the stock is owned by hedge funds and other institutional investors.

About Atmos Energy

(Get Free Report)

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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Analyst Recommendations for Atmos Energy (NYSE:ATO)

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