JP Morgan Has Just Reaffirmed $94 Target Price Per Share on Atmos Energy (NYSE:ATO) stock, While They’ve Also Reiterated Their “Overweight” Rating

October 13, 2017 - By Marguerite Chambers

 JP Morgan Has Just Reaffirmed $94 Target Price Per Share on Atmos Energy (NYSE:ATO) stock, While They’ve Also Reiterated Their

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.

Andra Ap has invested 0.14% in Atmos Energy Corporation (NYSE:ATO). Ronna Sue Cohen, Utah-based fund reported 7,515 shares. Massmutual Tru Fsb Adv reported 600 shares stake. Marshall Wace Llp accumulated 14,202 shares. Royal Natl Bank Of Canada reported 386,794 shares stake. Nuveen Asset Limited Liability invested in 116,179 shares or 0.06% of the stock. Capital Fund Management owns 0% invested in Atmos Energy Corporation (NYSE:ATO) for 5,200 shares. Geode Cap Ltd stated it has 0.03% in Atmos Energy Corporation (NYSE:ATO). A D Beadell Counsel owns 3,450 shares or 0.23% of their US portfolio. Sumitomo Mitsui Asset Mgmt Co Limited stated it has 0.01% of its portfolio in Atmos Energy Corporation (NYSE:ATO). First Tru Advisors Ltd Partnership holds 0.11% or 506,479 shares. Oppenheimer Asset Mngmt has invested 0.01% in Atmos Energy Corporation (NYSE:ATO). Federated Invsts Pa accumulated 56,765 shares. Victory Capital Mngmt holds 0.3% in Atmos Energy Corporation (NYSE:ATO) or 1.52M shares. South Dakota Invest Council invested in 0.03% or 17,400 shares.

Atmos Energy (NYSE:ATO) Rating Reaffirmed

The company has just set a target price of $94 on Atmos Energy (NYSE:ATO) shares. This is 8.93 % from the current price. In an analyst report revealed to clients on 12 October, JP Morgan kept their “Overweight” rating on shares of ATO.

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.

Andra Ap has invested 0.14% in Atmos Energy Corporation (NYSE:ATO). Ronna Sue Cohen, Utah-based fund reported 7,515 shares. Massmutual Tru Fsb Adv reported 600 shares stake. Marshall Wace Llp accumulated 14,202 shares. Royal Natl Bank Of Canada reported 386,794 shares stake. Nuveen Asset Limited Liability invested in 116,179 shares or 0.06% of the stock. Capital Fund Management owns 0% invested in Atmos Energy Corporation (NYSE:ATO) for 5,200 shares. Geode Cap Ltd stated it has 0.03% in Atmos Energy Corporation (NYSE:ATO). A D Beadell Counsel owns 3,450 shares or 0.23% of their US portfolio. Sumitomo Mitsui Asset Mgmt Co Limited stated it has 0.01% of its portfolio in Atmos Energy Corporation (NYSE:ATO). First Tru Advisors Ltd Partnership holds 0.11% or 506,479 shares. Oppenheimer Asset Mngmt has invested 0.01% in Atmos Energy Corporation (NYSE:ATO). Federated Invsts Pa accumulated 56,765 shares. Victory Capital Mngmt holds 0.3% in Atmos Energy Corporation (NYSE:ATO) or 1.52M shares. South Dakota Invest Council invested in 0.03% or 17,400 shares.

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 stock of Atmos Energy Corporation (NYSE:ATO) earned “Buy” rating by Seaport Global on Friday, November 18. The rating was upgraded by Argus Research to “Buy” on Monday, October 31. The firm has “Neutral” rating by Citigroup given on Wednesday, July 27. The rating was downgraded by Barclays Capital to “Underweight” on Monday, January 11. Argus Research maintained Atmos Energy Corporation (NYSE:ATO) on Wednesday, August 23 with “Buy” rating. The firm has “Buy” rating given on Wednesday, March 30 by BB&T Capital. JP Morgan maintained Atmos Energy Corporation (NYSE:ATO) on Friday, August 5 with “Overweight” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Friday, March 18. On Monday, January 4 the stock rating was maintained by JP Morgan with “Overweight”. JP Morgan maintained Atmos Energy Corporation (NYSE:ATO) on Tuesday, September 22 with “Overweight” rating.

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 EPS of $0.34, down exactly $0.06 or 15.00 % from 2014’s $0.4 EPS. The expected ATO’s profit could reach $36.05M 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 August 17, 2017” on August 16, 2017, also Businesswire.com with their article: “Atmos Energy Corporation Promotes Karen E. Hartsfield to Senior Vice President …” published on August 07, 2017, Seekingalpha.com published: “Atmos Energy’s (ATO) CEO Kim Cocklin on Q3 2017 Results – Earnings Call Transcript” on August 05, 2017. More interesting news about Atmos Energy Corporation (NYSE:ATO) were released by: Nasdaq.com and their article: “Atmos Energy Corporation (ATO) Ex-Dividend Date Scheduled for May 18, 2017” published on May 17, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Atmos Energy names Michael Haefner as CEO and president” with publication date: August 02, 2017.

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