Shares of Atmos Energy Co. (NYSE:ATO) have been given a consensus recommendation of “Buy” by the six brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $100.75.
Several equities analysts have recently weighed in on ATO shares. Wells Fargo & Company lifted their price objective on Atmos Energy from $106.00 to $111.00 and gave the company an “overweight” rating in a research note on Monday, March 29th. Bank of America reaffirmed a “neutral” rating on shares of Atmos Energy in a research note on Monday, March 15th. Seaport Global Securities lowered Atmos Energy from a “buy” rating to a “neutral” rating in a research note on Wednesday. They noted that the move was a valuation call. Mizuho upgraded Atmos Energy from a “neutral” rating to a “buy” rating and set a $99.00 target price on the stock in a report on Wednesday, March 10th. Finally, Morgan Stanley raised their target price on Atmos Energy from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, March 25th.
Hedge funds have recently bought and sold shares of the business. NuWave Investment Management LLC increased its holdings in Atmos Energy by 136.7% during the 4th quarter. NuWave Investment Management LLC now owns 284 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 164 shares during the last quarter. Diversified LLC purchased a new stake in Atmos Energy during the 4th quarter worth approximately $28,000. Charter Oak Capital Management LLC purchased a new stake in Atmos Energy during the 4th quarter worth approximately $30,000. Oxler Private Wealth LLC purchased a new stake in Atmos Energy during the 4th quarter worth approximately $38,000. Finally, Baron Silver Stevens Financial Advisors LLC purchased a new stake in Atmos Energy during the 4th quarter worth approximately $38,000. Institutional investors own 86.40% of the company’s stock.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Monday, February 1st. The utilities provider reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.58 by $0.13. The business had revenue of $914.48 million for the quarter, compared to analyst estimates of $985.11 million. Atmos Energy had a return on equity of 9.04% and a net margin of 21.32%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.47 EPS. On average, research analysts forecast that Atmos Energy will post 5.02 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 8th. Investors of record on Monday, February 22nd were issued a dividend of $0.625 per share. The ex-dividend date was Friday, February 19th. This represents a $2.50 annualized dividend and a dividend yield of 2.54%. Atmos Energy’s payout ratio is currently 52.97%.
Atmos Energy Company Profile
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 in 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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