Atmos Energy (NYSE:ATO) Rating Lowered to Neutral at Seaport Global Securities


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Seaport Global Securities downgraded shares of Atmos Energy (NYSE:ATO) from a buy rating to a neutral rating in a report released on Wednesday, PriceTargets.com reports. The analysts noted that the move was a valuation call.

Several other analysts have also recently issued reports on the stock. Bank of America restated a neutral rating on shares of Atmos Energy in a research report on Monday, March 15th. Wells Fargo & Company raised their price objective on shares of Atmos Energy from $106.00 to $111.00 and gave the stock an overweight rating in a research note on Monday, March 29th. Morgan Stanley raised their price target on Atmos Energy from $108.00 to $110.00 and gave the stock an overweight rating in a research note on Thursday, March 25th. Finally, Mizuho upgraded shares of Atmos Energy from a neutral rating to a buy rating and set a $99.00 target price on the stock in a research note on Wednesday, March 10th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Atmos Energy currently has an average rating of Buy and a consensus price target of $105.25.

Atmos Energy stock opened at $98.23 on Wednesday. Atmos Energy has a 52-week low of $84.59 and a 52-week high of $111.34. The company has a market cap of $12.59 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.53 and a beta of 0.30. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.67. The business has a 50-day simple moving average of $92.86 and a two-hundred day simple moving average of $93.84.

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, topping analysts’ consensus estimates of $1.58 by $0.13. The firm had revenue of $914.48 million during 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 business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. Research analysts anticipate that Atmos Energy will post 5.02 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 8th. Investors of record on Monday, February 22nd were given a dividend of $0.625 per share. The ex-dividend date was Friday, February 19th. This represents a $2.50 dividend on an annualized basis and a yield of 2.55%. Atmos Energy’s dividend payout ratio is presently 52.97%.

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Atmos Energy by 12.7% during the 3rd quarter. Thrivent Financial for Lutherans now owns 9,661 shares of the utilities provider’s stock worth $924,000 after purchasing an additional 1,086 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Atmos Energy by 4.8% in the third quarter. Truist Financial Corp now owns 17,525 shares of the utilities provider’s stock valued at $1,675,000 after purchasing an additional 806 shares in the last quarter. Wetherby Asset Management Inc. acquired a new position in shares of Atmos Energy in the third quarter worth $216,000. Public Sector Pension Investment Board boosted its stake in shares of Atmos Energy by 25.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 14,780 shares of the utilities provider’s stock valued at $1,413,000 after buying an additional 3,000 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Atmos Energy by 13.3% in the 3rd quarter. Squarepoint Ops LLC now owns 44,316 shares of the utilities provider’s stock valued at $4,236,000 after purchasing an additional 5,216 shares during the last quarter. 86.40% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Atmos Energy (NYSE:ATO)

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