Atmos Energy Corp
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Utilities : Gas Utilities | Mid Cap Value
Company profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. Its nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers in the Midwest and Southeast. It also manages its natural gas pipeline and storage assets, including its intrastate natural gas pipeline systems in Texas.

Premarket

Last Trade
Delayed
$95.25
0.00 (0.00%)
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Market Hours

Closing Price
$95.25
Day's Change
0.00 (0.00%)
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Volume
(Light)
Volume:
3

10-day average volume:
953,386
3

Nio gets bullish endorsement from Deutsche Bank, but stock falls

7:54 am ET September 8, 2020 (MarketWatch)
Print

Nio Inc. (NIO) got a bullish endorsement Tuesday from Deutsche Bank analyst Edison Yu, but the China-based electric vehicle maker's stock fell 3.9% in premarket trading amid a selloff in shares of other EV makers and the broader stock market. Yu initiated coverage of Nio with a buy rating and $24 stock price target, which 33.5% above Friday's closing price of $17.98. He sees Nio as the leader of an emerging class of China-based automakers backed by large, well capitalized technology giants and local governments, which he refers to the "Fab Four": Nio, XPeng Inc. (XPEV), Li Auto Inc. (LI) and WM Motor. He said he believes all four can "co-exist" with U.S.-based rival Tesla Inc. (TSLA), as there is still "plenty of room to capture market share" away from traditional internal-combustion-engine (ICE) automakers. "With the China EV market already the world's largest and now inflecting upward after the recent downturn, we believe NIO is well positioned to take share in the premium segment, having put major emphasis on post purchase customer service, alleviating charging anxiety, and developing a robust software/AI centric vehicle ecosystem," Yu wrote in a note to clients. Shares of Xpeng fell 1.8% ahead of the open, Li Auto lost 4.4% and Tesla tumbled 13% (http://www.marketwatch.com/story/tesla-completed-stock-offering-which-helped-trigger-last-weeks-selloff-2020-09-08), while futures for the S&P 500 dropped 1.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 08, 2020 07:54 ET (11:54 GMT)

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