SBI Okasan Asset Management Co.Ltd. Takes Position in Atmos Energy Corporation $ATO

SBI Okasan Asset Management Co.Ltd. bought a new stake in Atmos Energy Corporation (NYSE:ATO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,600 shares of the utilities provider’s stock, valued at approximately $1,620,000.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new position in shares of Atmos Energy in the third quarter valued at approximately $25,000. Garner Asset Management Corp bought a new position in shares of Atmos Energy in the fourth quarter valued at approximately $25,000. Kingdom Financial Group LLC. bought a new position in shares of Atmos Energy in the fourth quarter valued at approximately $26,000. JFS Wealth Advisors LLC grew its holdings in shares of Atmos Energy by 85.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 158 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Finally, Princeton Global Asset Management LLC grew its holdings in shares of Atmos Energy by 270.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 174 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. 90.17% of the stock is owned by institutional investors.

Atmos Energy Trading Down 1.8%

NYSE:ATO opened at $173.15 on Friday. The company has a market cap of $28.90 billion, a P/E ratio of 21.27, a P/E/G ratio of 3.06 and a beta of 0.65. The stock’s fifty day moving average price is $183.65 and its two-hundred day moving average price is $177.24. Atmos Energy Corporation has a 1 year low of $149.98 and a 1 year high of $192.51. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.00 and a quick ratio of 0.89.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.10. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.During the same quarter in the prior year, the business posted $3.03 earnings per share. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, analysts expect that Atmos Energy Corporation will post 8.44 EPS for the current year.

Atmos Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Tuesday, May 26th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, May 26th. This represents a $4.00 annualized dividend and a dividend yield of 2.3%. Atmos Energy’s dividend payout ratio is currently 49.14%.

Analysts Set New Price Targets

Several research firms recently commented on ATO. Truist Financial dropped their price objective on Atmos Energy from $195.00 to $187.00 and set a “hold” rating on the stock in a research note on Monday, May 18th. Mizuho set a $184.00 price objective on Atmos Energy in a research note on Friday. Morgan Stanley set a $183.00 price objective on Atmos Energy in a research note on Thursday, May 21st. Wall Street Zen upgraded Atmos Energy from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Weiss Ratings downgraded Atmos Energy from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $181.90.

Atmos Energy Profile

Atmos Energy Corporation (NYSE: ATO) is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos’s core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers.

The company’s services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings.