Atmos Energy (NYSE:ATO) Rating Increased to Hold at 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 Wednesday.

ATO has been the subject of several other reports. Barclays boosted their price target on Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Mizuho upped their price target on Atmos Energy from $131.00 to $133.00 and gave the company a “buy” rating in a research report on Thursday, December 14th. Finally, Morgan Stanley lowered their price objective on Atmos Energy from $115.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday, November 21st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.40.

Get Our Latest Stock Report on Atmos Energy

Atmos Energy Stock Performance

Shares of ATO opened at $116.83 on Wednesday. The company has a market cap of $17.62 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.42 and a beta of 0.66. 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 stock has a 50-day moving average price of $114.00 and a 200-day moving average price of $112.98. Atmos Energy has a 12-month low of $101.00 and a 12-month high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.01). Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the prior year, the firm earned $1.91 earnings per share. As a group, equities analysts forecast that Atmos Energy will post 6.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Atmos Energy

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in Atmos Energy by 31.8% in the second quarter. BlackRock Inc. now owns 17,992,930 shares of the utilities provider’s stock valued at $2,093,298,000 after buying an additional 4,343,701 shares during the period. Norges Bank acquired a new stake in shares of Atmos Energy during the 4th quarter worth about $137,757,000. Wellington Management Group LLP increased its position in Atmos Energy by 11.6% during the fourth quarter. Wellington Management Group LLP now owns 10,032,032 shares of the utilities provider’s stock worth $1,162,713,000 after acquiring an additional 1,041,608 shares during the period. Vanguard Group Inc. increased its holdings in Atmos Energy by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 16,962,224 shares of the utilities provider’s stock valued at $2,026,815,000 after buying an additional 547,260 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Atmos Energy by 24.0% during the 1st quarter. Invesco Ltd. now owns 2,756,708 shares of the utilities provider’s stock valued at $329,399,000 after purchasing an additional 533,372 shares during the last quarter. 90.98% of the stock is currently owned by institutional investors and hedge funds.

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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