The stock of Atmos Energy Corporation (NYSE:ATO) is a huge mover today! The stock increased 3.35% or $2.41 during the last trading session, hitting $74.39. About 1.09 million shares traded hands or 158.91% up from the average. Atmos Energy Corporation (NYSE:ATO) has declined 3.16% since March 29, 2016 and is downtrending. It has underperformed by 6.64% the S&P500.
The move comes after 6 months positive chart setup for the $7.74B company. It was reported on Oct, 31 by Barchart.com. We have $96.71 PT which if reached, will make NYSE:ATO worth $2.32 billion more.
Analysts await Atmos Energy Corporation (NYSE:ATO) to report earnings on November, 2. They expect $0.35 EPS, up 20.69% or $0.06 from last year’s $0.29 per share. ATO’s profit will be $36.42 million for 53.14 P/E if the $0.35 EPS becomes a reality. After $0.67 actual EPS reported by Atmos Energy Corporation for the previous quarter, Wall Street now forecasts -47.76% negative EPS growth.
Atmos Energy Corporation (NYSE:ATO) Ratings Coverage
Out of 7 analysts covering Atmos Energy (NYSE:ATO), 4 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 57% are positive. Atmos Energy has been the topic of 9 analyst reports since September 22, 2015 according to StockzIntelligence Inc. JP Morgan maintained it with “Overweight” rating and $87 target price in Friday, August 5 report. The firm earned “Overweight” rating on Tuesday, September 22 by JP Morgan. JP Morgan maintained Atmos Energy Corporation (NYSE:ATO) rating on Monday, January 4. JP Morgan has “Overweight” rating and $65 price target. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, March 18. Barclays Capital downgraded the stock to “Underweight” rating in Monday, January 11 report. Citigroup maintained the stock with “Neutral” rating in Wednesday, July 27 report. Argus Research upgraded the stock to “Buy” rating in Monday, October 31 report. The stock of Atmos Energy Corporation (NYSE:ATO) earned “Buy” rating by BB&T Capital on Wednesday, March 30.
According to Zacks Investment Research, “Atmos Energy Corporation distributes and sells natural gas to residential, commercial, industrial, agricultural and other customers. Atmos operates through five divisions in cities, towns and communities in service areas located in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Missouri, South Carolina, Tennessee, Texas and Virginia. The Company has entered into an agreement to sell all of its natural gas utility operations in South Carolina. The Company also transports natural gas for others through its distribution system.”
Insitutional Activity: The institutional sentiment decreased to 1.17 in Q2 2016. Its down 0.34, from 1.51 in 2016Q1. The ratio fall, as 19 funds sold all Atmos Energy Corporation shares owned while 117 reduced positions. 31 funds bought stakes while 128 increased positions. They now own 71.11 million shares or 0.11% more from 71.04 million shares in 2016Q1.
Macquarie Group Limited, a Australia-based fund reported 121,600 shares. Grace And White Inc Ny reported 3,500 shares or 0.06% of all its holdings. Geode Mngmt Ltd Liability accumulated 665,383 shares or 0.03% of the stock. Moody State Bank Trust Division owns 12,125 shares or 0.06% of their US portfolio. Nordea Invest Management Ab has invested 0% of its portfolio in Atmos Energy Corporation (NYSE:ATO). Toronto Dominion Natl Bank reported 561 shares or 0% of all its holdings. Amer Registered Advisor Incorporated has invested 0.51% of its portfolio in Atmos Energy Corporation (NYSE:ATO). Tiedemann holds 46,434 shares or 0.7% of its portfolio. Paloma Prtnrs Mngmt holds 7,889 shares or 0.01% of its portfolio. Weaver C Barksdale And has invested 0.03% of its portfolio in Atmos Energy Corporation (NYSE:ATO). Hourglass Ltd Limited Liability Company has invested 0.07% of its portfolio in Atmos Energy Corporation (NYSE:ATO). Commonwealth Of Pennsylvania School Empls Retrmt System, a Pennsylvania-based fund reported 19,677 shares. Credit Suisse Ag has 496,854 shares for 0.04% of their US portfolio. Umb Commercial Bank N A Mo holds 7,472 shares or 0.03% of its portfolio. Moreover, Planning Corp has 0.02% invested in Atmos Energy Corporation (NYSE:ATO) for 3,469 shares.
Insider Transactions: Since May 13, 2016, the stock had 0 buys, and 3 insider sales for $685,772 net activity. 4,000 shares with value of $312,385 were sold by GREGORY LOUIS P on Monday, August 8. $296,640 worth of Atmos Energy Corporation (NYSE:ATO) was sold by Sweetin Marvin L. $76,747 worth of Atmos Energy Corporation (NYSE:ATO) was sold by MEREDITH THOMAS C.
More notable recent Atmos Energy Corporation (NYSE:ATO) news were published by: Reuters.com which released: “BRIEF-Atmos Energy Corp names Kelly Compton to its board” on October 28, 2016, also Businesswire.com with their article: “Atmos Energy Corporation Promotes David Park to Senior Vice President of …” published on October 28, 2016, Benzinga.com published: “Mid-Afternoon Market Update: Lumber Liquidators Drops After Wider Loss; INC …” on October 31, 2016. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Benzinga.com and their article: “Benzinga’s Top Upgrades” published on October 31, 2016 as well as Prnewswire.com‘s news article titled: “Atmos Energy Sued by Texas Victims of 2015 Natural Gas Explosion” with publication date: August 31, 2016.
ATO Company Profile
Atmos Energy Corporation (Atmos Energy), incorporated on February 6, 1981, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Firm delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial clients in nine states located primarily in the South. The Firm also operates intrastate pipelines in Texas based on miles of pipe. The Firm operates through the following three divisions: The regulated distribution segment, which includes regulated distribution and related sales operations; the regulated pipeline segment, which includes the pipeline and storage activities of its Atmos Pipeline Texas Division and the nonregulated segment, which includes nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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