Barclays Cuts Atmos Energy (NYSE:ATO) Price Target to $115.00

Atmos Energy (NYSE:ATOFree Report) had its price objective decreased by Barclays from $116.00 to $115.00 in a research report report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the utilities provider’s stock.

Several other equities research analysts have also commented on ATO. StockNews.com lowered shares of Atmos Energy from a hold rating to a sell rating in a research note on Friday, November 17th. Mizuho upped their target price on shares of Atmos Energy from $131.00 to $133.00 and gave the company a buy rating in a research note on Thursday, December 14th. Finally, Morgan Stanley cut their target price on shares of Atmos Energy from $115.00 to $110.00 and set an overweight rating on the stock in a report on Tuesday, November 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $123.50.

Check Out Our Latest Stock Report on Atmos Energy

Atmos Energy Stock Up 2.7 %

Shares of NYSE ATO opened at $113.90 on Monday. Atmos Energy has a 52 week low of $101.00 and a 52 week high of $125.28. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. The firm’s fifty day moving average is $114.57 and its 200 day moving average is $114.27. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 2.33 and a beta of 0.67.

Atmos Energy (NYSE:ATOGet Free Report) last issued its quarterly earnings results on Thursday, November 9th. The utilities provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06. The company had revenue of $587.64 million during the quarter, compared to the consensus estimate of $959.12 million. Atmos Energy had a return on equity of 8.54% and a net margin of 20.72%. Atmos Energy’s revenue was down 18.7% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, equities research analysts expect that Atmos Energy will post 6.57 earnings per share for the current year.

Atmos Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were given a $0.805 dividend. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.74. This represents a $3.22 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, November 24th. Atmos Energy’s dividend payout ratio is presently 52.53%.

Insider Activity at Atmos Energy

In other Atmos Energy news, VP Richard M. Thomas sold 1,750 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $114.20, for a total transaction of $199,850.00. Following the transaction, the vice president now directly owns 2,650 shares of the company’s stock, valued at approximately $302,630. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Kim R. Cocklin sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $110.99, for a total value of $1,387,375.00. Following the transaction, the director now owns 199,972 shares of the company’s stock, valued at $22,194,892.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Richard M. Thomas sold 1,750 shares of Atmos Energy stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $114.20, for a total transaction of $199,850.00. Following the transaction, the vice president now directly owns 2,650 shares in the company, valued at approximately $302,630. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Institutional Trading of Atmos Energy

Several institutional investors have recently made changes to their positions in the business. Glassman Wealth Services lifted its holdings in shares of Atmos Energy by 73.3% in the second quarter. Glassman Wealth Services now owns 234 shares of the utilities provider’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Baker Avenue Asset Management LP boosted its holdings in shares of Atmos Energy by 984.6% during the 3rd quarter. Baker Avenue Asset Management LP now owns 282 shares of the utilities provider’s stock valued at $30,000 after purchasing an additional 256 shares during the last quarter. VisionPoint Advisory Group LLC grew its position in shares of Atmos Energy by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 294 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 152 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Atmos Energy by 177.8% in the second quarter. Massmutual Trust Co. FSB ADV now owns 275 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 176 shares during the last quarter. Finally, RVW Wealth LLC purchased a new stake in shares of Atmos Energy in the third quarter worth about $32,000. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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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Analyst Recommendations for Atmos Energy (NYSE:ATO)

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