JPMorgan Chase Boosts Atmos Energy (ATO) Price Target to $90.00

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.

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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.

Atmos Energy (NYSE:ATO) last issued its earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same period in the prior year, the firm earned $1.08 earnings per share. equities research analysts anticipate that Atmos Energy will post 3.97 EPS for the current fiscal year.

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.

Analyst Recommendations for Atmos Energy (NYSE:ATO)

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