Shares of Atmos Energy Co. (NYSE:ATO) have been given a consensus rating of “Buy” by the six research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $89.20.
ATO has been the subject of a number of research reports. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, December 12th. JPMorgan Chase & Co. increased their target price on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of Atmos Energy by 13.6% in the 2nd quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after acquiring an additional 155 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Atmos Energy by 159.8% in the 3rd quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after purchasing an additional 975 shares during the last quarter. Carnegie Capital Asset Management LLC acquired a new stake in Atmos Energy in the 2nd quarter valued at about $216,000. Private Advisor Group LLC acquired a new stake in Atmos Energy in the 3rd quarter valued at about $223,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Atmos Energy by 72.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,922 shares of the utilities provider’s stock valued at $242,000 after purchasing an additional 1,224 shares during the last quarter. Institutional investors own 67.70% of the company’s stock.
Atmos Energy (NYSE:ATO) last released its quarterly earnings data 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 prior year, the firm posted $0.40 earnings per share. research analysts predict that Atmos Energy will post 3.61 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were issued a $0.485 dividend. This is a boost from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, November 24th. This represents a $1.94 annualized dividend and a dividend yield of 2.33%. Atmos Energy’s dividend payout ratio (DPR) is presently 51.87%.
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Atmos Energy Company Profile
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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