Atmos Energy (NYSE:ATO) Reaches New 1-Year High at $105.19

Shares of Atmos Energy Co. (NYSE:ATO) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $105.19 and last traded at $104.99, with a volume of 396346 shares trading hands. The stock had previously closed at $104.54.

Separately, Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Atmos Energy has an average rating of “Hold” and an average price target of $102.00.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.78. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 3.74 and a beta of 0.26.

Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.14. The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.57 EPS. As a group, equities research analysts forecast that Atmos Energy Co. will post 4.32 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.00%. The ex-dividend date was Friday, May 24th. Atmos Energy’s payout ratio is presently 52.50%.

A number of institutional investors and hedge funds have recently bought and sold shares of ATO. Oregon Public Employees Retirement Fund increased its position in Atmos Energy by 9,596.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,233,224 shares of the utilities provider’s stock valued at $46,000 after acquiring an additional 4,189,568 shares in the last quarter. BlackRock Inc. increased its position in Atmos Energy by 20.0% in the 4th quarter. BlackRock Inc. now owns 13,525,109 shares of the utilities provider’s stock valued at $1,254,048,000 after acquiring an additional 2,251,627 shares in the last quarter. FMR LLC increased its position in Atmos Energy by 68.7% in the 4th quarter. FMR LLC now owns 3,369,172 shares of the utilities provider’s stock valued at $312,389,000 after acquiring an additional 1,371,891 shares in the last quarter. GQG Partners LLC acquired a new stake in Atmos Energy in the 4th quarter valued at about $79,554,000. Finally, Ronna Sue Cohen increased its position in Atmos Energy by 10,247.3% in the 1st quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock valued at $752,000 after acquiring an additional 745,079 shares in the last quarter. Hedge funds and other institutional investors own 82.12% of the company’s stock.

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About Atmos Energy (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 the regulated natural gas distribution and related sales operations in eight states.

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