PNC Financial Services Group Inc. Has $146.67 Million Stock Position in Atmos Energy Corporation $ATO

PNC Financial Services Group Inc. boosted its holdings in Atmos Energy Corporation (NYSE:ATO) by 13.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 874,973 shares of the utilities provider’s stock after buying an additional 105,508 shares during the period. PNC Financial Services Group Inc. owned approximately 0.53% of Atmos Energy worth $146,672,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ATO. Checchi Capital Advisers LLC increased its position in Atmos Energy by 3.9% during the fourth quarter. Checchi Capital Advisers LLC now owns 1,579 shares of the utilities provider’s stock worth $265,000 after acquiring an additional 60 shares during the period. MGO One Seven LLC boosted its holdings in Atmos Energy by 4.3% in the 4th quarter. MGO One Seven LLC now owns 1,514 shares of the utilities provider’s stock valued at $254,000 after purchasing an additional 62 shares during the period. Little House Capital LLC grew its position in Atmos Energy by 0.6% in the 3rd quarter. Little House Capital LLC now owns 10,733 shares of the utilities provider’s stock worth $1,833,000 after purchasing an additional 66 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Atmos Energy by 1.2% during the 4th quarter. Horizon Investments LLC now owns 5,439 shares of the utilities provider’s stock worth $912,000 after purchasing an additional 67 shares during the period. Finally, PAX Financial Group LLC increased its holdings in shares of Atmos Energy by 2.3% during the 3rd quarter. PAX Financial Group LLC now owns 3,178 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 70 shares during the period. 90.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ATO shares. Citigroup increased their target price on shares of Atmos Energy from $182.00 to $191.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial cut their price target on Atmos Energy from $195.00 to $187.00 and set a “hold” rating for the company in a report on Monday. Morgan Stanley reduced their price objective on Atmos Energy from $197.00 to $195.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Wall Street Zen lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Monday. Finally, Barclays boosted their price objective on Atmos Energy from $167.00 to $184.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $182.70.

Atmos Energy Stock Down 0.8%

NYSE ATO opened at $176.25 on Thursday. Atmos Energy Corporation has a 1-year low of $149.98 and a 1-year high of $192.51. The company has a current ratio of 1.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $184.80 and its two-hundred day moving average is $177.12. The company has a market capitalization of $29.42 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.07 and a beta of 0.65.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, May 6th. The utilities provider reported $3.47 EPS for the quarter, topping the consensus estimate of $3.37 by $0.10. Atmos Energy had a return on equity of 9.59% and a net margin of 27.58%.The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company earned $3.03 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. Equities analysts forecast that Atmos Energy Corporation will post 8.48 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

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

Atmos Energy Company 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.