Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases 4,045 Shares of Atmos Energy Co. (NYSE:ATO)

Share on StockTwits

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Atmos Energy Co. (NYSE:ATO) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,246 shares of the utilities provider’s stock after buying an additional 4,045 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Atmos Energy were worth $2,694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Redpoint Investment Management Pty Ltd lifted its position in Atmos Energy by 6.4% in the third quarter. Redpoint Investment Management Pty Ltd now owns 5,210 shares of the utilities provider’s stock valued at $593,000 after purchasing an additional 315 shares during the last quarter. Metropolitan Life Insurance Co NY lifted its position in Atmos Energy by 1.5% in the third quarter. Metropolitan Life Insurance Co NY now owns 17,676 shares of the utilities provider’s stock valued at $2,013,000 after purchasing an additional 263 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its position in Atmos Energy by 74.4% in the third quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 7,410 shares of the utilities provider’s stock valued at $842,000 after purchasing an additional 3,160 shares during the last quarter. California State Teachers Retirement System lifted its position in Atmos Energy by 1.2% in the third quarter. California State Teachers Retirement System now owns 259,663 shares of the utilities provider’s stock valued at $29,573,000 after purchasing an additional 3,036 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Atmos Energy by 381.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 154,648 shares of the utilities provider’s stock valued at $17,299,000 after purchasing an additional 122,535 shares during the last quarter. Hedge funds and other institutional investors own 81.08% of the company’s stock.

Shares of Atmos Energy stock opened at $120.45 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.96 and a debt-to-equity ratio of 0.71. The company has a market cap of $14.73 billion, a PE ratio of 27.01, a P/E/G ratio of 3.56 and a beta of 0.15. The business has a 50 day moving average of $114.79 and a 200 day moving average of $111.12. Atmos Energy Co. has a 52 week low of $96.24 and a 52 week high of $120.53.

Atmos Energy (NYSE:ATO) last announced its earnings results on Tuesday, February 4th. The utilities provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $875.56 million for the quarter, compared to the consensus estimate of $978.77 million. Atmos Energy had a net margin of 18.36% and a return on equity of 9.25%. Atmos Energy’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.38 EPS. On average, research analysts anticipate that Atmos Energy Co. will post 4.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, February 24th will be issued a dividend of $0.575 per share. The ex-dividend date is Friday, February 21st. This represents a $2.30 dividend on an annualized basis and a dividend yield of 1.91%. Atmos Energy’s dividend payout ratio is presently 52.87%.

Several brokerages have weighed in on ATO. UBS Group downgraded Atmos Energy from a “buy” rating to a “neutral” rating and set a $120.00 price objective for the company. in a research report on Friday, January 31st. Citigroup boosted their price objective on Atmos Energy from $109.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, January 24th. Bank of America upgraded Atmos Energy from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Tuesday, January 7th. Finally, Morgan Stanley upped their target price on Atmos Energy from $118.00 to $124.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $118.82.

Atmos Energy Company Profile

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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

Featured Article: Is a Roth IRA right for you?

Want to see what other hedge funds are holding ATO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atmos Energy Co. (NYSE:ATO).

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

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2020 BBNS.