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.
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.
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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