Atmos Energy (ATO) Earns “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their overweight rating on shares of Atmos Energy (NYSE:ATO) in a research report sent to investors on Thursday, February 8th, Marketbeat.com reports. The firm currently has a $87.00 target price on the utilities provider’s stock, down from their prior target price of $90.00.

ATO has been the subject of several other reports. Argus lowered their price target on shares of Atmos Energy from $97.00 to $89.00 and set a buy rating for the company in a report on Thursday, January 18th. Zacks Investment Research upgraded shares of Atmos Energy from a hold rating to a buy rating and set a $94.00 price target for the company in a report on Friday, January 5th. Finally, Barclays set a $80.00 price target on shares of Atmos Energy and gave the stock an underweight rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $84.60.

Shares of Atmos Energy (ATO) traded up $0.71 during trading hours on Thursday, hitting $80.95. 92,763 shares of the stock traded hands, compared to its average volume of 726,803. The firm has a market capitalization of $8,923.26, a P/E ratio of 14.87, a PEG ratio of 2.90 and a beta of 0.30. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.67. Atmos Energy has a 52 week low of $75.07 and a 52 week high of $93.56.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.27. During the same quarter last year, the company earned $1.08 EPS. sell-side analysts expect that Atmos Energy will post 3.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be issued a $0.485 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.94 dividend on an annualized basis and a yield of 2.40%. Atmos Energy’s payout ratio is 35.60%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ATO. Trustcore Financial Services LLC acquired a new stake in Atmos Energy in the fourth quarter valued at $105,000. Toronto Dominion Bank boosted its position in Atmos Energy by 13.6% during the second 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 during the last quarter. Independence Bank of Kentucky bought a new stake in Atmos Energy during the fourth quarter valued at $112,000. Cerebellum GP LLC bought a new stake in Atmos Energy during the fourth quarter valued at $119,000. Finally, NEXT Financial Group Inc boosted its position in Atmos Energy by 159.8% during the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after acquiring an additional 975 shares during the last quarter. Institutional investors and hedge funds own 66.69% of the company’s stock.

WARNING: “Atmos Energy (ATO) Earns “Overweight” Rating from JPMorgan Chase & Co.” was posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2018/02/15/atmos-energy-ato-pt-lowered-to-87-00.html.

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.

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply