Atmos Energy (NYSE:ATO) posted its quarterly earnings data on Tuesday. The utilities provider reported $1.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.05, Bloomberg Earnings reports. The firm had revenue of $877.78 million for the quarter, compared to the consensus estimate of $969.71 million. During the same period in the prior year, the company earned $1.40 EPS. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Atmos Energy updated its FY 2019 guidance to $4.20-4.35 EPS and its FY19 guidance to $4.20-4.35 EPS.
Shares of NYSE ATO opened at $96.58 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.25 and a quick ratio of 0.16. The stock has a market cap of $10.74 billion, a price-to-earnings ratio of 24.15, a price-to-earnings-growth ratio of 3.46 and a beta of 0.23. Atmos Energy has a 12 month low of $76.46 and a 12 month high of $100.76.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, February 25th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.17%. Atmos Energy’s payout ratio is 52.50%.
A number of hedge funds and other institutional investors have recently modified their holdings of ATO. Advisors Asset Management Inc. raised its stake in Atmos Energy by 27.7% during the second quarter. Advisors Asset Management Inc. now owns 22,211 shares of the utilities provider’s stock worth $2,002,000 after acquiring an additional 4,819 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Atmos Energy by 2.0% during the second quarter. Bank of New York Mellon Corp now owns 1,386,857 shares of the utilities provider’s stock worth $125,011,000 after acquiring an additional 27,722 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in Atmos Energy during the third quarter worth about $310,000. NEXT Financial Group Inc acquired a new position in Atmos Energy during the third quarter worth about $115,000. Finally, First Hawaiian Bank acquired a new position in Atmos Energy during the third quarter worth about $457,000. 74.36% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently weighed in on the stock. Argus reaffirmed a “buy” rating and set a $101.00 price objective on shares of Atmos Energy in a research report on Monday, December 31st. Barclays set a $91.00 price objective on shares of Atmos Energy and gave the stock a “sell” rating in a research report on Friday, October 12th. Zacks Investment Research cut shares of Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. UBS Group cut shares of Atmos Energy from a “buy” rating to a “neutral” rating and set a $106.00 price objective for the company. in a research report on Thursday, December 13th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $103.00 price objective on shares of Atmos Energy and gave the stock a “buy” rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $99.33.
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Atmos Energy Company Profile
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 the regulated natural gas distribution and related sales operations in eight states.
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