Atmos Energy (NYSE:ATO) had its price target decreased by analysts at Morgan Stanley from $102.00 to $98.00 in a report released on Wednesday, BenzingaRatingsTable reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's target price points to a potential downside of 2.87% from the stock's current price.
ATO has been the subject of several other reports. UBS Group upgraded Atmos Energy from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $120.00 to $113.00 in a report on Wednesday, April 1st. Mizuho lowered their price objective on shares of Atmos Energy from $118.00 to $110.00 and set a "neutral" rating for the company in a research note on Friday, June 5th. Finally, Wells Fargo & Co cut their target price on shares of Atmos Energy from $131.00 to $108.00 and set an "overweight" rating on the stock in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company's stock. Atmos Energy currently has an average rating of "Buy" and an average target price of $114.45.
ATO traded down $1.36 on Wednesday, reaching $100.90. 1,572 shares of the company traded hands, compared to its average volume of 1,009,993. The company has a market cap of $12.36 billion, a P/E ratio of 22.28, a price-to-earnings-growth ratio of 2.98 and a beta of 0.32. The company has a quick ratio of 0.82, a current ratio of 0.89 and a debt-to-equity ratio of 0.69. Atmos Energy has a one year low of $77.92 and a one year high of $121.08. The firm has a fifty day simple moving average of $100.24 and a two-hundred day simple moving average of $106.51.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, May 6th. The utilities provider reported $1.95 EPS for the quarter, topping the Zacks' consensus estimate of $1.92 by $0.03. The business had revenue of $977.70 million for the quarter, compared to analyst estimates of $1.18 billion. Atmos Energy had a net margin of 20.02% and a return on equity of 9.35%. The company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the company posted $1.82 earnings per share. On average, equities analysts forecast that Atmos Energy will post 4.7 earnings per share for the current year.
In other news, Director Richard A. Sampson bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $99.27 per share, with a total value of $99,270.00. Following the completion of the transaction, the director now directly owns 5,000 shares of the company's stock, valued at approximately $496,350. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.36% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Pendal Group Ltd purchased a new stake in Atmos Energy in the first quarter valued at about $113,129,000. Norges Bank purchased a new stake in Atmos Energy during the 4th quarter valued at about $84,484,000. Brookfield Public Securities Group LLC increased its holdings in shares of Atmos Energy by 158.9% in the fourth quarter. Brookfield Public Securities Group LLC now owns 1,167,471 shares of the utilities provider's stock valued at $130,593,000 after purchasing an additional 716,500 shares during the period. Credit Agricole S A acquired a new position in shares of Atmos Energy in the fourth quarter valued at about $74,224,000. Finally, Morgan Stanley raised its stake in shares of Atmos Energy by 21.5% in the first quarter. Morgan Stanley now owns 2,671,326 shares of the utilities provider's stock worth $265,075,000 after purchasing an additional 472,795 shares during the last quarter. 84.21% of the stock is currently owned by institutional investors.
About Atmos Energy
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 the regulated natural gas distribution and related sales operations in eight states.
See Also: Liquidity
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