Atmos Energy (NYSE:ATO – Get Free Report) had its price target cut by investment analysts at Morgan Stanley from $196.00 to $190.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price objective suggests a potential upside of 11.73% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the stock. TD Cowen upped their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. raised their target price on shares of Atmos Energy from $196.00 to $198.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Argus dropped their target price on shares of Atmos Energy from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Mizuho cut their price target on shares of Atmos Energy from $192.00 to $184.00 and set a “neutral” rating for the company in a report on Friday, May 29th. Finally, Wells Fargo & Company initiated coverage on shares of Atmos Energy in a research report on Monday, July 13th. They set an “overweight” rating and a $200.00 price target on the stock. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $187.73.
Atmos Energy Price Performance
Atmos Energy (NYSE:ATO – Get Free Report) last released its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The company had revenue of $879.06 million for the quarter, compared to analyst estimates of $900.82 million. Atmos Energy had a return on equity of 9.67% and a net margin of 28.50%.During the same period in the prior year, the firm posted $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, analysts anticipate that Atmos Energy will post 8.46 earnings per share for the current fiscal year.
Insider Transactions at Atmos Energy
In other Atmos Energy news, Director William James Ware bought 300 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were purchased at an average price of $167.59 per share, for a total transaction of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares in the company, valued at approximately $81,783.92. The trade was a 159.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.43% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Atmos Energy
A number of hedge funds have recently made changes to their positions in ATO. Garner Asset Management Corp bought a new stake in shares of Atmos Energy during the 4th quarter valued at approximately $25,000. Frazier Financial Advisors LLC acquired a new position in Atmos Energy during the 2nd quarter worth approximately $25,000. Kingdom Financial Group LLC. bought a new position in Atmos Energy in the 4th quarter valued at approximately $26,000. Elevation Wealth Partners LLC lifted its stake in Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 138 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. bought a new position in Atmos Energy in the 2nd quarter valued at approximately $28,000. 90.17% of the stock is currently owned by institutional investors and hedge funds.
About Atmos Energy
Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.
The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.
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