Analysts at Barclays boosted their target price on shares of Atmos Energy (NYSE:ATO) from $49.00 to $50.00 in a research report issued to clients and investors on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective would suggest a potential downside of 0.85% from the stock’s previous close.
Shares of Atmos Energy (NYSE:ATO) traded up 0.10% on Monday, hitting $50.48. 14,473 shares of the company’s stock traded hands. Atmos Energy has a 1-year low of $38.00 and a 1-year high of $53.02. The stock has a 50-day moving average of $49.8 and a 200-day moving average of $46.7. The company has a market cap of $5.057 billion and a price-to-earnings ratio of 17.63. Atmos Energy also was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 1,639,656 shares, a growth of 103.5% from the April 15th total of 805,569 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,018,507 shares, the days-to-cover ratio is presently 1.6 days.
Atmos Energy (NYSE:ATO) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.13. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, analysts predict that Atmos Energy will post $2.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, May 22nd.
ATO has been the subject of a number of other recent research reports. Analysts at Hilliard Lyons downgraded shares of Atmos Energy from a “buy” rating to a “neutral” rating in a research note on Friday, May 9th. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Atmos Energy in a research note on Monday, April 21st. They set a “neutral” rating and a $52.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Atmos Energy in a research note on Thursday, April 17th. They now have a $49.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average price target of $50.30.
In other Atmos Energy news, SVP Louis Gregory unloaded 3,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $50.03, for a total transaction of $150,090.00. Following the sale, the senior vice president now directly owns 58,447 shares of the company’s stock, valued at approximately $2,924,103. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Atmos Energy Corporation (NYSE:ATO) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses.
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