Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 34,090 Shares of Atmos Energy Co. (NYSE:ATO)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Atmos Energy Co. (NYSE:ATOGet Rating) by 29.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,623 shares of the utilities provider’s stock after purchasing an additional 34,090 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned approximately 0.11% of Atmos Energy worth $15,341,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Charter Oak Capital Management LLC bought a new stake in Atmos Energy in the 2nd quarter worth approximately $30,000. J.W. Cole Advisors Inc. bought a new stake in shares of Atmos Energy during the 1st quarter valued at $31,000. Clear Street Markets LLC grew its position in shares of Atmos Energy by 85.3% during the 2nd quarter. Clear Street Markets LLC now owns 289 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 133 shares during the period. CX Institutional bought a new stake in shares of Atmos Energy during the 2nd quarter valued at $35,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Atmos Energy during the 3rd quarter valued at $45,000. Institutional investors own 91.03% of the company’s stock.

Insider Buying and Selling

In related news, VP Richard M. Thomas sold 1,100 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $110.37, for a total transaction of $121,407.00. Following the completion of the sale, the vice president now directly owns 2,891 shares of the company’s stock, valued at approximately $319,079.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Atmos Energy Price Performance

Shares of Atmos Energy stock opened at $114.74 on Monday. The stock has a market cap of $16.18 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.75 and a current ratio of 0.85. The stock has a 50 day moving average price of $114.48 and a 200-day moving average price of $112.46. Atmos Energy Co. has a one year low of $97.71 and a one year high of $122.96.

Atmos Energy (NYSE:ATOGet Rating) last announced its earnings results on Wednesday, November 9th. The utilities provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $722.70 million during the quarter, compared to analysts’ expectations of $659.68 million. Atmos Energy had a return on equity of 8.61% and a net margin of 18.43%. The company’s quarterly revenue was up 27.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 EPS. Equities analysts expect that Atmos Energy Co. will post 5.99 EPS for the current year.

Atmos Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 12th. Investors of record on Monday, November 28th were paid a dividend of $0.74 per share. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.68. This represents a $2.96 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Friday, November 25th. Atmos Energy’s dividend payout ratio (DPR) is currently 52.30%.

Analyst Upgrades and Downgrades

ATO has been the subject of a number of recent research reports. Credit Suisse Group boosted their price objective on shares of Atmos Energy from $105.00 to $121.00 and gave the company an “outperform” rating in a research report on Monday, November 14th. Morgan Stanley lifted their target price on shares of Atmos Energy from $120.00 to $128.00 and gave the company an “overweight” rating in a research note on Thursday, December 15th. Mizuho reduced their target price on Atmos Energy from $132.00 to $128.00 and set a “buy” rating on the stock in a report on Monday, November 14th. JPMorgan Chase & Co. dropped their price target on Atmos Energy from $125.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, January 9th. Finally, StockNews.com cut Atmos Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $121.71.

Atmos Energy Company Profile

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Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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Institutional Ownership by Quarter for Atmos Energy (NYSE:ATO)

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