Atmos Energy (NYSE:ATO) Coverage Initiated at UBS Group

Equities researchers at UBS Group initiated coverage on shares of Atmos Energy (NYSE:ATOGet Free Report) in a report released on Friday, Briefing.com reports. The brokerage set a “neutral” rating and a $124.00 price target on the utilities provider’s stock. UBS Group’s price target would suggest a potential upside of 8.41% from the company’s current price.

Other research analysts have also issued reports about the company. Barclays upped their target price on Atmos Energy from $115.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, March 14th. Mizuho lifted their target price on shares of Atmos Energy from $131.00 to $133.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, StockNews.com downgraded shares of Atmos Energy from a “hold” rating to a “sell” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Atmos Energy has a consensus rating of “Hold” and a consensus price target of $124.33.

View Our Latest Stock Report on Atmos Energy

Atmos Energy Stock Performance

NYSE:ATO opened at $114.38 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.44. The stock’s fifty day moving average is $114.89 and its 200 day moving average is $113.28. The firm has a market capitalization of $17.25 billion, a PE ratio of 18.16, a PEG ratio of 2.50 and a beta of 0.66. Atmos Energy has a fifty-two week low of $101.00 and a fifty-two week high of $125.28.

Atmos Energy (NYSE:ATOGet Free Report) last released its 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). The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.71 billion. Atmos Energy had a return on equity of 8.62% and a net margin of 23.43%. During the same quarter last year, the business posted $1.91 earnings per share. On average, sell-side analysts anticipate that Atmos Energy will post 6.59 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the completion of the sale, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Institutional Trading of Atmos Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vest Financial LLC raised its holdings in shares of Atmos Energy by 33.3% in the 4th quarter. Vest Financial LLC now owns 247,048 shares of the utilities provider’s stock valued at $28,633,000 after buying an additional 61,708 shares during the period. New York Life Investment Management LLC increased its position in Atmos Energy by 3.4% in the 3rd quarter. New York Life Investment Management LLC now owns 21,198 shares of the utilities provider’s stock valued at $2,246,000 after acquiring an additional 693 shares during the period. Lido Advisors LLC raised its stake in shares of Atmos Energy by 29.6% during the third quarter. Lido Advisors LLC now owns 19,601 shares of the utilities provider’s stock worth $2,076,000 after purchasing an additional 4,479 shares during the last quarter. Cambridge Trust Co. grew its position in Atmos Energy by 0.5% in the 3rd quarter. Cambridge Trust Co. now owns 46,329 shares of the utilities provider’s stock valued at $4,908,000 after buying an additional 253 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its stake in Atmos Energy by 26.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 189,184 shares of the utilities provider’s stock valued at $20,040,000 after buying an additional 39,970 shares during the period. 90.17% of the stock is owned by institutional investors and hedge funds.

Atmos Energy Company Profile

(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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