November 30, 2016 - By Richard Conner · 0 Comments
Atmos Energy Corp (NYSE:ATO) institutional sentiment decreased to 0.9 in 2016 Q2. Its down -0.27, from 1.17 in 2016Q1. The ratio turned negative, as 159 hedge funds increased or opened new stock positions, while 136 sold and trimmed equity positions in Atmos Energy Corp. The hedge funds in our partner’s database now possess: 71.11 million shares, up from 71.04 million shares in 2016Q1. Also, the number of hedge funds holding Atmos Energy Corp in their top 10 stock positions was flat from 7 to 7 for the same number . Sold All: 19 Reduced: 117 Increased: 128 New Position: 31.
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 has a market cap of $7.69 billion. The Firm operates through three divisions: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage activities of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. It has a 21.98 P/E ratio.
The stock increased 1.99% or $1.45 during the last trading session, hitting $74.15. Atmos Energy Corporation (NYSE:ATO) has risen 3.27% since April 27, 2016 and is uptrending. It has underperformed by 1.95% the S&P500.
Analysts await Atmos Energy Corporation (NYSE:ATO) to report earnings on February, 7. They expect $1.02 earnings per share, up 9.68% or $0.09 from last year’s $0.93 per share. ATO’s profit will be $105.78M for 18.17 P/E if the $1.02 EPS becomes a reality. After $0.40 actual earnings per share reported by Atmos Energy Corporation for the previous quarter, Wall Street now forecasts 155.00% EPS growth.
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.”
Sfmg Llc holds 18.51% of its portfolio in Atmos Energy Corporation for 1.02 million shares. Partners Group Holding Ag owns 415,100 shares or 7.73% of their US portfolio. Moreover, Scout Investments Inc. has 3.83% invested in the company for 1.69 million shares. The Texas-based First Dallas Securities Inc. has invested 3.45% in the stock. Hennessy Advisors Inc, a California-based fund reported 1.38 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 2 insider sales for $389,132 net activity.
Ratings analysis reveals 63% of Atmos Energy’s analysts are positive. Out of 8 Wall Street analysts rating Atmos Energy, 5 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $63 while the high is $87. The stock’s average target of $76.33 is 2.94% above today’s ($74.15) share price. ATO was included in 10 notes of analysts from September 22, 2015. Barclays Capital downgraded the stock to “Underweight” rating in Monday, January 11 report. As per Wednesday, July 27, the company rating was maintained by Citigroup. Morgan Stanley downgraded Atmos Energy Corporation (NYSE:ATO) on Friday, March 18 to “Equal-Weight” rating. The stock of Atmos Energy Corporation (NYSE:ATO) has “Buy” rating given on Wednesday, March 30 by BB&T Capital. JP Morgan maintained it with “Overweight” rating and $87 target price in Friday, August 5 report. The firm has “Buy” rating given on Friday, November 18 by Seaport Global. JP Morgan maintained Atmos Energy Corporation (NYSE:ATO) on Tuesday, September 22 with “Overweight” rating. Argus Research upgraded the shares of ATO in a report on Monday, October 31 to “Buy” rating. The company was maintained on Monday, January 4 by JP Morgan.
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.
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 Nasdaq.com with their article: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for November 23, 2016” published on November 22, 2016, Businesswire.com published: “Atmos Energy Corporation Names Kelly H. Compton to Board of Directors” on October 28, 2016. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Cheniere Energy Partners, Atmos Energy Corp. and AstraZeneca” published on February 16, 2016 as well as Businesswire.com‘s news article titled: “Atmos Energy Corporation Reports Earnings for Fiscal 2016 First Quarter …” with publication date: February 02, 2016.
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By Richard Conner