8.93 % to Target, JP Morgan Reconfirms ‘”Overweight”’ Rating on Atmos Energy (NYSE:ATO) Shares Today

October 13, 2017 - By Michael Collier

 8.93 % to Target, JP Morgan Reconfirms ‘

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.20, from 0.9 in 2017Q1. It increased, 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.

The Texas-based Argent Tru Communications has invested 0.08% in Atmos Energy Corporation (NYSE:ATO). British Columbia Invest Mngmt invested in 84,792 shares. Mufg Americas holds 20,740 shares. Pub Employees Retirement Systems Of Ohio has 45,430 shares for 0.02% of their portfolio. Manufacturers Life Insur The reported 455,321 shares. Geode Management Ltd Liability Co holds 0.03% or 832,561 shares in its portfolio. Oakbrook Investments Ltd Co reported 4,410 shares stake. Texas Yale Corp holds 0.23% or 31,360 shares in its portfolio. Edgemoor Investment Advisors holds 0.48% in Atmos Energy Corporation (NYSE:ATO) or 42,337 shares. Moreover, Next Gru has 0% invested in Atmos Energy Corporation (NYSE:ATO). Canada Pension Plan Investment Board holds 0% of its portfolio in Atmos Energy Corporation (NYSE:ATO) for 20,100 shares. Jefferies Group Ltd Llc owns 0.01% invested in Atmos Energy Corporation (NYSE:ATO) for 13,752 shares. Benjamin F Edwards And Co reported 300 shares. Susquehanna Gp Ltd Liability Partnership holds 0% or 40,232 shares. A D Beadell Inv Counsel Inc has invested 0.23% in Atmos Energy Corporation (NYSE:ATO).

Atmos Energy (NYSE:ATO) Rating Reaffirmed

JP Morgan now has a $94 target on shares of Atmos Energy (NYSE:ATO). The target suggests a potential upside of 8.93 % from the last stock close of Atmos Energy (NYSE:ATO). This rating was shown in a note on Thursday morning.

Investors sentiment increased to 1.1 in 2017 Q2. Its up 0.20, from 0.9 in 2017Q1. It increased, 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.

The Texas-based Argent Tru Communications has invested 0.08% in Atmos Energy Corporation (NYSE:ATO). British Columbia Invest Mngmt invested in 84,792 shares. Mufg Americas holds 20,740 shares. Pub Employees Retirement Systems Of Ohio has 45,430 shares for 0.02% of their portfolio. Manufacturers Life Insur The reported 455,321 shares. Geode Management Ltd Liability Co holds 0.03% or 832,561 shares in its portfolio. Oakbrook Investments Ltd Co reported 4,410 shares stake. Texas Yale Corp holds 0.23% or 31,360 shares in its portfolio. Edgemoor Investment Advisors holds 0.48% in Atmos Energy Corporation (NYSE:ATO) or 42,337 shares. Moreover, Next Gru has 0% invested in Atmos Energy Corporation (NYSE:ATO). Canada Pension Plan Investment Board holds 0% of its portfolio in Atmos Energy Corporation (NYSE:ATO) for 20,100 shares. Jefferies Group Ltd Llc owns 0.01% invested in Atmos Energy Corporation (NYSE:ATO) for 13,752 shares. Benjamin F Edwards And Co reported 300 shares. Susquehanna Gp Ltd Liability Partnership holds 0% or 40,232 shares. A D Beadell Inv Counsel Inc has invested 0.23% in Atmos Energy Corporation (NYSE:ATO).

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 “Neutral” rating given on Wednesday, July 27 by Citigroup. Argus Research upgraded the shares of ATO in report on Monday, October 31 to “Buy” rating. The rating was maintained by Argus Research with “Buy” on Wednesday, August 23. The stock of Atmos Energy Corporation (NYSE:ATO) has “Overweight” rating given on Thursday, October 12 by JP Morgan. Barclays Capital downgraded the stock to “Underweight” rating in Monday, January 11 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Friday, March 18 report. On Friday, November 18 the stock rating was initiated by Seaport Global with “Buy”. The rating was initiated by BB&T Capital on Wednesday, March 30 with “Buy”. The company was maintained on Friday, August 5 by JP Morgan. The firm has “Overweight” rating given on Tuesday, September 22 by JP Morgan.

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.

Investors wait Atmos Energy Corporation (NYSE:ATO) to report on November, 8. its quarterly earnings Wall Street analysts expect $0.34 earnings per share, down $0.06 or 15.00 % from last year’s $0.4 same quarter earnings. This translates into $36.05M profit for ATO giving the stock a 63.45 P/E. This is assuming the current $0.34 EPS is accurate. Atmos Energy Corporation’s Wall Street analysts see -49.25 % negative EPS growth, taking into account the $0.67 EPS reproted in the previous quarter,

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: Seekingalpha.com which released: “Atmos Energy’s (ATO) CEO Kim Cocklin on Q3 2017 Results – Earnings Call Transcript” on August 05, 2017, also Nasdaq.com with their article: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for August 17, 2017” published on August 16, 2017, Nasdaq.com published: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for May 18, 2017” on May 17, 2017. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Reuters.com and their article: “BRIEF-Atmos Energy names Michael Haefner as CEO and president” published on August 02, 2017 as well as Businesswire.com‘s news article titled: “Atmos Energy Corporation Names Jennifer Hills as Vice President, Investor …” with publication date: October 11, 2017.

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