Breaking: Atmos Energy (NYSE:ATO) Overweight Rating Reaffirmed by JP Morgan Today; The Price Objective is Set to $94

October 13, 2017 - By Winifred Garcia

 Breaking: Atmos Energy (NYSE:ATO) Overweight Rating Reaffirmed by JP Morgan Today; The Price Objective is Set to $94

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.20, from 0.9 in 2017Q1. It improved, as 24 investors sold Atmos Energy Corporation shares while 116 reduced holdings. 42 funds opened positions while 112 raised stakes. 73.62 million shares or 0.87% less from 74.27 million shares in 2017Q1 were reported.

Renaissance Techs Ltd has invested 0.02% in Atmos Energy Corporation (NYSE:ATO). Creative Planning stated it has 13,820 shares. The Michigan-based State Treasurer State Of Michigan has invested 0.03% in Atmos Energy Corporation (NYSE:ATO). State Common Retirement Fund invested in 225,800 shares or 0.02% of the stock. Moreover, A D Beadell Counsel Inc has 0.23% invested in Atmos Energy Corporation (NYSE:ATO) for 3,450 shares. Jacobs Levy Equity holds 0.01% in Atmos Energy Corporation (NYSE:ATO) or 8,170 shares. Bnp Paribas Arbitrage Sa invested in 150,779 shares or 0.04% of the stock. Caisse De Depot Et Placement Du Quebec holds 67,684 shares. Barclays Public Ltd has invested 0% in Atmos Energy Corporation (NYSE:ATO). Retail Bank Of Montreal Can reported 0% in Atmos Energy Corporation (NYSE:ATO). Mesirow Finance Investment Mgmt has invested 0.15% in Atmos Energy Corporation (NYSE:ATO). 137,637 are owned by Chevy Chase Tru Inc. Moreover, Blb&B Advisors Limited Liability Company has 0.05% invested in Atmos Energy Corporation (NYSE:ATO) for 3,750 shares. Envestnet Asset Mngmt Inc accumulated 636 shares. 5,195 were accumulated by Patten Group.

Atmos Energy (NYSE:ATO) Rating Reaffirmed

JP Morgan now has a $94 price target on shares of Atmos Energy (NYSE:ATO). The price target means a potential upside of 8.93 % from the current price of Atmos Energy (NYSE:ATO). This rating was disclosed in a report on 12 October.

Investors sentiment increased to 1.1 in Q2 2017. Its up 0.20, from 0.9 in 2017Q1. It improved, as 24 investors sold Atmos Energy Corporation shares while 116 reduced holdings. 42 funds opened positions while 112 raised stakes. 73.62 million shares or 0.87% less from 74.27 million shares in 2017Q1 were reported.

Renaissance Techs Ltd has invested 0.02% in Atmos Energy Corporation (NYSE:ATO). Creative Planning stated it has 13,820 shares. The Michigan-based State Treasurer State Of Michigan has invested 0.03% in Atmos Energy Corporation (NYSE:ATO). State Common Retirement Fund invested in 225,800 shares or 0.02% of the stock. Moreover, A D Beadell Counsel Inc has 0.23% invested in Atmos Energy Corporation (NYSE:ATO) for 3,450 shares. Jacobs Levy Equity holds 0.01% in Atmos Energy Corporation (NYSE:ATO) or 8,170 shares. Bnp Paribas Arbitrage Sa invested in 150,779 shares or 0.04% of the stock. Caisse De Depot Et Placement Du Quebec holds 67,684 shares. Barclays Public Ltd has invested 0% in Atmos Energy Corporation (NYSE:ATO). Retail Bank Of Montreal Can reported 0% in Atmos Energy Corporation (NYSE:ATO). Mesirow Finance Investment Mgmt has invested 0.15% in Atmos Energy Corporation (NYSE:ATO). 137,637 are owned by Chevy Chase Tru Inc. Moreover, Blb&B Advisors Limited Liability Company has 0.05% invested in Atmos Energy Corporation (NYSE:ATO) for 3,750 shares. Envestnet Asset Mngmt Inc accumulated 636 shares. 5,195 were accumulated by Patten Group.

Atmos Energy Corporation (NYSE:ATO) Ratings Coverage

Among 9 analysts covering Atmos Energy (NYSE:ATO), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Atmos Energy has $97 highest and $63 lowest target. $83.29’s average target is -3.48% below currents $86.29 stock price. Atmos Energy had 14 analyst reports since September 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 18 by Seaport Global. Argus Research upgraded the shares of ATO in report on Monday, October 31 to “Buy” rating. The company was maintained on Wednesday, July 27 by Citigroup. The rating was maintained by JP Morgan with “Overweight” on Friday, August 5. The firm has “Overweight” rating given on Tuesday, September 22 by JP Morgan. The stock has “Overweight” rating by JP Morgan on Thursday, October 12. Morgan Stanley downgraded it to “Equal-Weight” rating and $72 target in Friday, March 18 report. The firm has “Buy” rating by BB&T Capital given on Wednesday, March 30. JP Morgan maintained the stock with “Overweight” rating in Monday, January 4 report. Barclays Capital downgraded the stock to “Underweight” rating in Monday, January 11 report.

The stock decreased 0.59% or $0.51 during the last trading session, reaching $86.29. About 212,140 shares traded. Atmos Energy Corporation (NYSE:ATO) has risen 12.78% since October 13, 2016 and is uptrending. It has underperformed by 3.92% the S&P500.

Wall Street await Atmos Energy Corporation (NYSE:ATO) to release earnings on November, 8. Analysts forecast earnings per share of $0.34, down exactly $0.06 or 15.00 % from 2014’s $0.4 EPS. The expected ATO’s profit could reach $36.05 million giving the stock 63.45 P/E in the case that $0.34 earnings per share is reported. After posting $0.67 EPS for the previous quarter, Atmos Energy Corporation’s analysts now forecast -49.25 % negative EPS growth.

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The company has market cap of $9.15 billion. It operates through three divisions: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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 23.96 P/E ratio. The Company’s nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial clients in the Midwest and Southeast.

More notable recent Atmos Energy Corporation (NYSE:ATO) news were published by: Nasdaq.com which released: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for May 18, 2017” on May 17, 2017, also Reuters.com with their article: “BRIEF-Atmos Energy names Michael Haefner as CEO and president” published on August 02, 2017, Nasdaq.com published: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for August 17, 2017” on August 16, 2017. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Seekingalpha.com and their article: “Atmos Energy’s (ATO) CEO Kim Cocklin on Q3 2017 Results – Earnings Call Transcript” published on August 05, 2017 as well as Businesswire.com‘s news article titled: “Atmos Energy Corporation Promotes Karen E. Hartsfield to Senior Vice President …” with publication date: August 07, 2017.

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