JP Morgan Maintains Atmos Energy Corporation to Overweight with Price Target $87.00

Brokerage firm JP Morgan Maintains its rating on Atmos Energy Corporation(NYSE:ATO). In a research note issued to the investors, the brokerage major Lowers the price-target to $87.00 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.

In a different note, On Jul 27, 2016, Citigroup said it Maintains its rating on Atmos Energy Corporation. In the research note, the firm Raises the price-target to $58.00 per share. The shares have been rated ‘Neutral’ by the firm.

Atmos Energy Corporation (ATO) made into the market gainers list on Wednesdays trading session with the shares advancing 1.31% or 0.97 points. Due to strong positive momentum, the stock ended at $75.25, which is also near the day’s high of $75.33. The stock began the session at $74.23 and the volume stood at 4,61,139 shares. The 52-week high of the shares is $81.97 and the 52 week low is $52.08. The company has a current market capitalization of $7,815 M and it has 10,38,47,858 shares in outstanding.

Atmos Energy Corporation has also declared a cash dividend of $0.4200 on Aug 3, 2016. The shares will quote ex-dividend on Aug 18, 2016 and the record date has been fixed on Aug 22, 2016. The dividend payable date has been fixed on Sep 6, 2016.

Atmos Energy Corporation(ATO) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $632.92M. Analysts had an estimated revenue of $718.75M. Earnings per share were $0.67. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, Marvin L Sweetin (SR VP, Safety & Enterprise Ser) sold 4,000 shares at $74.16 per share price.Also, On Dec 7, 2015, Christopher T Forsythe (Vice President and Controller) sold 3,000 shares at $62.00 per share price.On Feb 10, 2015, Louis P Gregory (Sr VP, GC & Corp. Secretary) sold 1,000 shares at $54.66 per share price, according to the Form-4 filing with the securities and exchange commission.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential commercial public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates through the following three segments: The regulated distribution segment which includes regulated distribution and related sales operations; the regulated pipeline segment which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment which includes nonregulated natural gas management nonregulated natural gas transmission storage and other services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Atmos Energy Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Atmos Energy Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.