M&T Bank Corp Has $9.48 Million Holdings in Atmos Energy Corporation $ATO

Key Points

• M&T Bank Corp increased its stake in Atmos Energy by 21.5% in Q4, buying 10,018 shares to hold 56,567 shares worth $9.48 million at quarter-end.
• Analyst sentiment is mixed: MarketBeat shows a consensus rating of Hold with a $181.11 target, though several firms raised price targets (Citigroup to $182, Barclays to $184) and Weiss upgraded its rating.
• Atmos beat quarterly estimates (EPS $2.44 vs $2.41; revenue $1.34B vs $1.21B), trades near its 12‑month highs (recent open ~$187), has a ~$31B market cap and roughly 90.2% institutional ownership.

M&T Bank Corp grew its holdings in shares of Atmos Energy Corporation (NYSE:ATO - Free Report) by 21.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,567 shares of the utilities provider's stock after purchasing an additional 10,018 shares during the period. M&T Bank Corp's holdings in Atmos Energy were worth $9,482,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Checchi Capital Advisers LLC grew its position in shares of Atmos Energy by 3.9% during the 4th quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider's stock worth $265,000 after purchasing an additional 60 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Atmos Energy by 30.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 279 shares of the utilities provider's stock worth $48,000 after buying an additional 65 shares in the last quarter. Little House Capital LLC grew its stake in Atmos Energy by 0.6% during the third quarter. Little House Capital LLC now owns 10,733 shares of the utilities provider's stock worth $1,833,000 after buying an additional 66 shares in the last quarter. PAX Financial Group LLC grew its stake in Atmos Energy by 2.3% during the third quarter. PAX Financial Group LLC now owns 3,178 shares of the utilities provider's stock worth $543,000 after buying an additional 70 shares in the last quarter. Finally, Financial Network Wealth Advisors LLC grew its stake in Atmos Energy by 8.9% during the third quarter. Financial Network Wealth Advisors LLC now owns 868 shares of the utilities provider's stock worth $148,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 90.17% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Weiss Ratings upgraded shares of Atmos Energy from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Thursday, April 16th. Citigroup increased their price objective on shares of Atmos Energy from $163.00 to $182.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 13th. Wall Street Zen downgraded shares of Atmos Energy from a "hold" rating to a "sell" rating in a research note on Saturday. Barclays increased their price objective on shares of Atmos Energy from $167.00 to $184.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 8th. Finally, Truist Financial assumed coverage on shares of Atmos Energy in a research note on Tuesday, April 21st. They set a "hold" rating and a $195.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $181.11.

Atmos Energy Stock Performance

NYSE:ATO opened at $187.25 on Wednesday. The stock's 50-day simple moving average is $185.81 and its 200 day simple moving average is $176.77. The firm has a market capitalization of $30.98 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 3.32 and a beta of 0.65. The company has a quick ratio of 1.02, a current ratio of 1.13 and a debt-to-equity ratio of 0.67. Atmos Energy Corporation has a twelve month low of $149.98 and a twelve month high of $192.51.

Atmos Energy (NYSE:ATO - Get Free Report) last released its quarterly earnings data on Tuesday, February 3rd. The utilities provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.41 by $0.03. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.21 billion. Atmos Energy had a return on equity of 9.20% and a net margin of 25.67%.During the same period last year, the firm posted $2.23 earnings per share. On average, analysts anticipate that Atmos Energy Corporation will post 8.3 EPS for the current fiscal year.

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.

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