Atmos Energy (NYSE:ATO) had its price objective lifted by JPMorgan Chase from $87.00 to $90.00 in a report released on Tuesday morning. They currently have a buy rating on the utilities provider’s stock.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Atmos Energy from a sell rating to a hold rating and set a $90.00 target price on the stock in a report on Friday, February 9th. Barclays set a $80.00 target price on Atmos Energy and gave the stock an underweight rating in a report on Thursday, February 8th. Argus reduced their target price on Atmos Energy from $97.00 to $89.00 and set a buy rating on the stock in a report on Thursday, January 18th. Finally, Bank of America reaffirmed a buy rating on shares of Atmos Energy in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Atmos Energy has a consensus rating of Hold and an average target price of $85.20.
Shares of Atmos Energy stock opened at $83.38 on Tuesday. Atmos Energy has a 52 week low of $76.46 and a 52 week high of $93.56. The stock has a market capitalization of $9,174.02, a PE ratio of 21.04, a price-to-earnings-growth ratio of 2.97 and a beta of 0.24. The company has a current ratio of 0.81, a quick ratio of 0.64 and a debt-to-equity ratio of 0.67.
Hedge funds have recently modified their holdings of the company. Zimmer Partners LP bought a new stake in Atmos Energy during the fourth quarter worth approximately $173,927,000. Deutsche Bank AG increased its stake in Atmos Energy by 364.1% during the fourth quarter. Deutsche Bank AG now owns 853,459 shares of the utilities provider’s stock worth $73,298,000 after acquiring an additional 669,556 shares during the last quarter. Brookfield Asset Management Inc. bought a new stake in Atmos Energy during the fourth quarter worth approximately $38,917,000. Luminus Management LLC bought a new stake in Atmos Energy during the fourth quarter worth approximately $34,965,000. Finally, TIAA CREF Investment Management LLC increased its stake in Atmos Energy by 154.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 657,907 shares of the utilities provider’s stock worth $56,508,000 after acquiring an additional 398,996 shares during the last quarter. 72.85% of the stock is currently owned by hedge funds and other institutional investors.
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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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