Barclays Assumes Atmos Energy Corporation to Underweight

Brokerage firm Barclays Assumes its rating on Atmos Energy Corporation(NYSE:ATO). The shares have been rated Underweight. The rating by Barclays was issued on Apr 12, 2016.

In a different note, BB&T Capital said it Initiates Coverage on Atmos Energy Corporation, according to a research note issued on Mar 30, 2016. The shares have been rated ‘Buy’ by the firm. On Mar 18, 2016, Morgan Stanley said it Downgrades its rating on Atmos Energy Corporation. The shares have been rated ‘Equal-weight’ by the firm. On Feb 25, 2016, JP Morgan said it Maintains its rating on Atmos Energy Corporation. In the research note, the firm Raises the price-target to $69.00 per share. The shares have been rated ‘Overweight’ by the firm.

Atmos Energy Corporation (ATO) made into the market gainers list on Fridays trading session with the shares advancing 0.73% or 0.53 points. Due to strong positive momentum, the stock ended at $73.63, which is also near the day’s high of $73.94. The stock began the session at $73.24 and the volume stood at 6,78,320 shares. The 52-week high of the shares is $74.86 and the 52 week low is $50.83. The company has a current market capitalization of $7,518 M and it has 10,21,06,896 shares in outstanding.

Atmos Energy Corporation(ATO) last announced its earnings results on Nov 4, 2015 for Fiscal Year 2015 and Q4.Earnings per share were $0.29. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Dec 7, 2015, Christopher T Forsythe (Vice President and Controller) sold 3,000 shares at $62.00 per share price.Also, On Feb 10, 2015, Louis P Gregory (Sr VP, GC & Corp. Secretary) sold 1,000 shares at $54.66 per share price.

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.

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