Blurbs

Atmos Energy (ATO) Receives a Buy from Morgan Stanley

Morgan Stanley analyst Stephen Byrd maintained a Buy rating on Atmos Energy (ATOResearch Report) today and set a price target of $129.00. The company’s shares closed last Wednesday at $111.70.

According to TipRanks.com, Byrd is a 5-star analyst with an average return of 9.8% and a 57.0% success rate. Byrd covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Nextera Energy Partners.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Atmos Energy with a $125.43 average price target.

See today’s best-performing stocks on TipRanks >>

Based on Atmos Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.65 billion and net profit of $325 million. In comparison, last year the company earned revenue of $1.32 billion and had a net profit of $297 million.

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.

Read More on ATO:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More
Videos