Atmos Energy Corporation (ATO) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $1.40 EPS for the quarter. Analysts had a consensus estimate of $1.40. Analysts expectations of $1458.45 million. During the same quarter in the previous year, the company posted $1.36 EPS.
Many Wall Street Analysts have commented on Atmos Energy Corporation. BB&T Capital Mkts Initiated Atmos Energy Corporation on Mar 30, 2016 to “Buy”, Price Target of the shares are set at $80.Atmos Energy Corporation was Downgraded by Morgan Stanley to ” Equal-Weight” on Mar 18, 2016.
Atmos Energy Corporation opened for trading at $72.74 and hit $73.32 on the upside on Monday, eventually ending the session at $72.95, with a gain of 0.55% or 0.4 points. The heightened volatility saw the trading volume jump to 6,23,365 shares. Company has a market cap of $7,449 M.
In a different news, on Dec 7, 2015, Christopher T Forsythe (Vice President and Controller) sold 3,000 shares at $62.00 per share price. According to the SEC, 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.