Shares of Atmos Energy Corporation (NYSE:ATO) reached a new 52-week high on Tuesday . The company traded as high as $90.49 and last traded at $89.54, with a volume of 487600 shares traded. The stock had previously closed at $89.16.
ATO has been the subject of a number of recent analyst reports. Barclays PLC reissued a “sell” rating and issued a $76.00 price objective on shares of Atmos Energy Corporation in a research report on Friday, July 21st. BidaskClub raised Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Argus raised their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Atmos Energy Corporation currently has a consensus rating of “Buy” and an average target price of $85.67.
The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $9,550.00, a PE ratio of 24.29, a P/E/G ratio of 3.59 and a beta of 0.38.
Atmos Energy Corporation (NYSE:ATO) last issued its quarterly earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. During the same period last year, the firm posted $0.40 EPS. analysts predict that Atmos Energy Corporation will post 3.6 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Shareholders of record on Monday, November 27th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.94 dividend on an annualized basis and a yield of 2.17%. This is a boost from Atmos Energy Corporation’s previous quarterly dividend of $0.45. Atmos Energy Corporation’s payout ratio is currently 49.86%.
Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its position in Atmos Energy Corporation by 298.1% during the 2nd quarter. Janus Henderson Group PLC now owns 38,674 shares of the utilities provider’s stock worth $3,208,000 after acquiring an additional 28,960 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Atmos Energy Corporation by 12.8% in the 2nd quarter. Prudential Financial Inc. now owns 838,816 shares of the utilities provider’s stock valued at $69,580,000 after buying an additional 95,248 shares during the period. Legal & General Group Plc lifted its holdings in shares of Atmos Energy Corporation by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 472,333 shares of the utilities provider’s stock valued at $39,181,000 after buying an additional 23,724 shares during the period. Swiss National Bank lifted its holdings in shares of Atmos Energy Corporation by 4.2% in the 2nd quarter. Swiss National Bank now owns 383,800 shares of the utilities provider’s stock valued at $31,836,000 after buying an additional 15,400 shares during the period. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of Atmos Energy Corporation by 2.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 85,117 shares of the utilities provider’s stock valued at $7,060,000 after buying an additional 1,772 shares during the period. 69.55% of the stock is owned by institutional investors.
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About Atmos Energy Corporation
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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