Morgan Stanley Keeps a Hold Rating on Atmos Energy (ATO)


In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Atmos Energy (ATO), with a price target of $95.00. The company’s shares closed last Tuesday at $93.14.

According to TipRanks.com, Byrd is a 4-star analyst with an average return of 4.8% and a 56.5% success rate. Byrd covers the Utilities sector, focusing on stocks such as Algonquin Power & Utilities, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Atmos Energy is a Moderate Buy with an average price target of $104.83.

See today’s analyst top recommended stocks >>

Based on Atmos Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $493 million and net profit of $118 million. In comparison, last year the company earned revenue of $486 million and had a net profit of $80.47 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ATO in relation to earlier this year.

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 through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes the pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana. The company was founded in 1983 and is headquartered in Dallas, TX.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts