Atmos Energy Co. (NYSE:ATO) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $97.12 and last traded at $96.98, with a volume of 17656 shares changing hands. The stock had previously closed at $94.64.
ATO has been the subject of a number of analyst reports. Citigroup upped their price objective on shares of Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, June 12th. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, June 12th. Morgan Stanley dropped their price objective on shares of Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a report on Wednesday, June 13th. Barclays upped their price objective on shares of Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday, July 11th. Finally, Seaport Global Securities reissued a “buy” rating and issued a $98.00 price objective on shares of Atmos Energy in a report on Thursday, August 16th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.43.
The stock has a market capitalization of $10.44 billion, a PE ratio of 26.66, a PEG ratio of 3.66 and a beta of 0.09. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.55.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.04). The firm had revenue of $562.25 million for the quarter, compared to analyst estimates of $622.30 million. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.67 earnings per share. Research analysts anticipate that Atmos Energy Co. will post 3.95 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 10th. Stockholders of record on Monday, August 27th were given a dividend of $0.485 per share. The ex-dividend date was Friday, August 24th. This represents a $1.94 annualized dividend and a dividend yield of 2.00%. Atmos Energy’s dividend payout ratio is presently 53.89%.
In related news, Director Nancy K. Quinn sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total value of $186,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Richard W. Douglas sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $93.04, for a total transaction of $3,256,400.00. Following the completion of the sale, the insider now directly owns 6,292 shares in the company, valued at approximately $585,407.68. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Qube Research & Technologies Ltd purchased a new position in shares of Atmos Energy during the second quarter worth approximately $111,000. Rockland Trust Co. purchased a new position in shares of Atmos Energy during the third quarter worth approximately $201,000. Eagle Global Advisors LLC purchased a new position in shares of Atmos Energy during the second quarter worth approximately $207,000. Carnegie Capital Asset Management LLC purchased a new position in shares of Atmos Energy during the second quarter worth approximately $209,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atmos Energy during the second quarter worth approximately $210,000. 74.57% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Company Profile (NYSE:ATO)
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.
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