Atmos Energy (ATO) PT Set at $91.00 by Barclays

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Barclays set a $91.00 target price on Atmos Energy (NYSE:ATO) in a report published on Friday morning. The firm currently has a sell rating on the utilities provider’s stock.

A number of other research analysts have also recently issued reports on ATO. Morgan Stanley lifted their target price on shares of Atmos Energy from $91.00 to $99.00 and gave the company an equal weight rating in a research note on Monday, July 16th. Zacks Investment Research cut shares of Atmos Energy from a buy rating to a hold rating in a research note on Tuesday, July 17th. Seaport Global Securities reiterated a buy rating and issued a $98.00 target price on shares of Atmos Energy in a research note on Thursday, August 16th. Finally, ValuEngine upgraded shares of Atmos Energy from a hold rating to a buy rating in a research note on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. Atmos Energy has a consensus rating of Buy and a consensus price target of $93.43.

ATO traded down $0.74 during midday trading on Friday, reaching $92.61. 365,514 shares of the company’s stock were exchanged, compared to its average volume of 495,860. The stock has a market cap of $10.44 billion, a price-to-earnings ratio of 25.73, a P/E/G ratio of 3.66 and a beta of 0.09. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. Atmos Energy has a one year low of $76.46 and a one year high of $98.40.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.04). The business had revenue of $562.25 million for the quarter, compared to analysts’ expectations of $622.30 million. During the same period last year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities research analysts expect that Atmos Energy will post 3.95 EPS for the current fiscal year.

In related news, Director Nancy K. Quinn sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total value of $186,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total transaction of $3,256,400.00. Following the completion of the transaction, the insider now owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The disclosure for this sale can be found here. Insiders own 1.41% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd bought a new position in Atmos Energy in the 2nd quarter worth approximately $111,000. NEXT Financial Group Inc bought a new position in Atmos Energy in the 3rd quarter worth approximately $115,000. Rockland Trust Co. bought a new position in Atmos Energy in the 3rd quarter worth approximately $201,000. Eagle Global Advisors LLC bought a new position in Atmos Energy in the 2nd quarter worth approximately $207,000. Finally, Carnegie Capital Asset Management LLC bought a new position in Atmos Energy in the 2nd quarter worth approximately $209,000. Hedge funds and other institutional investors own 74.57% of the company’s stock.

About Atmos Energy

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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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