Press coverage about Atmos Energy Corporation (NYSE:ATO) has been trending somewhat positive on Tuesday, AlphaOne reports. AlphaOne, a unit of Accern, identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Atmos Energy Corporation earned a news impact score of 0.16 on AlphaOne’s scale. AlphaOne also gave news stories about the utilities provider an impact score of 35 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne Sentiment’s rankings:
- Atmos Energy Corporation (NYSE:ATO) Outlook & Price Targets – Ward Review (wardnewsreview.com)
- Atmos Energy Corporation (ATO) Hits a 52-Week High – Highlight Press (highlightpress.com)
- Atmos Energy Corporation (ATO) Price Target Raised to $92.00 (americanbankingnews.com)
- Atmos Energy Corporation (ATO) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Reviewing National Grid Transco, PLC (NGG) & Atmos Energy Corporation (ATO) (americanbankingnews.com)
Atmos Energy Corporation (NYSE ATO) traded down 0.48% during midday trading on Tuesday, hitting $84.65. The stock had a trading volume of 99,500 shares. The stock has a 50 day moving average of $82.56 and a 200 day moving average of $78.26. Atmos Energy Corporation has a 12 month low of $68.51 and a 12 month high of $85.61. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 22.52 and a beta of 0.40.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.10. During the same quarter in the prior year, the company earned $1.40 EPS. Analysts expect that Atmos Energy Corporation will post $3.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 5th. Stockholders of record on Monday, May 22nd were paid a $0.45 dividend. The ex-dividend date was Thursday, May 18th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. Atmos Energy Corporation’s dividend payout ratio is currently 47.87%.
Several equities research analysts have weighed in on the company. Barclays PLC set a $75.00 price objective on Atmos Energy Corporation and gave the stock a “sell” rating in a research note on Saturday, May 6th. Argus upped their target price on Atmos Energy Corporation from $89.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 15th. BidaskClub raised Atmos Energy Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a $89.00 target price (up previously from $88.00) on shares of Atmos Energy Corporation in a report on Thursday, June 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $85.17.
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About Atmos Energy Corporation
Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the 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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