Atmos Energy Co. (NYSE:ATO) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $93.17.

A number of analysts have commented on the company. Barclays set a $91.00 price objective on Atmos Energy and gave the stock a “sell” rating in a research report on Friday. Morgan Stanley raised their price objective on Atmos Energy from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. ValuEngine upgraded Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, July 17th. Finally, Seaport Global Securities reiterated a “buy” rating and issued a $98.00 price objective on shares of Atmos Energy in a research report on Thursday, August 16th.

In other news, insider Richard W. Douglas sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the transaction, the insider now directly owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Nancy K. Quinn sold 2,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total value of $186,100.00. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Atmos Energy by 6.4% in the 2nd quarter. BlackRock Inc. now owns 10,978,087 shares of the utilities provider’s stock worth $989,565,000 after buying an additional 661,567 shares in the last quarter. Magellan Asset Management Ltd raised its holdings in shares of Atmos Energy by 12.4% in the 2nd quarter. Magellan Asset Management Ltd now owns 1,918,170 shares of the utilities provider’s stock worth $172,904,000 after buying an additional 211,446 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Atmos Energy by 2.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock valued at $125,011,000 after purchasing an additional 27,722 shares in the last quarter. Sfmg LLC increased its holdings in Atmos Energy by 1.7% during the 2nd quarter. Sfmg LLC now owns 1,091,854 shares of the utilities provider’s stock valued at $98,420,000 after purchasing an additional 17,959 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Atmos Energy by 1.6% during the 2nd quarter. Northern Trust Corp now owns 949,457 shares of the utilities provider’s stock valued at $85,585,000 after purchasing an additional 15,028 shares in the last quarter. 74.57% of the stock is owned by institutional investors and hedge funds.

Shares of ATO stock opened at $92.61 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.31 and a debt-to-equity ratio of 0.55. Atmos Energy has a 12 month low of $76.46 and a 12 month high of $98.40. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 3.66 and a beta of 0.09.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, August 8th. The utilities provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.04). The business had revenue of $562.25 million during the quarter, compared to the consensus estimate of $622.30 million. During the same period in the prior year, the company earned $0.67 EPS. The company’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities research analysts forecast that Atmos Energy will post 3.95 EPS for the current year.

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 regulated natural gas distribution, and related sales and storage operations.

Recommended Story: What are the Different Types of Leveraged Buyouts?

Analyst Recommendations for Atmos Energy (NYSE:ATO)

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.