Atmos Energy Corp (ATO) Receives a Hold from Morgan Stanley


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Atmos Energy Corp (NYSE: ATO), with a price target of $102. The company’s shares closed yesterday at $93, close to its 52-week high of $94.85.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and Nextera Energy Partners.

Currently, the analyst consensus on Atmos Energy Corp is a Hold with an average price target of $96.67.

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The company has a one-year high of $94.85 and a one-year low of $76.46. Currently, Atmos Energy Corp has an average volume of 371.7K.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock. Last month, Richard W. Douglas, an Insider at ATO bought 37,739 shares for a total of $3,479,158.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates its business through the following business segments: Distribution, Pipeline and Storage, and Natural Gas Marketing. The Distribution segment comprises regulated natural gas distribution and related sales operations in eight states.

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