Atmos Energy’s Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3 million residential, commercial, public authority and industrial customers. As of September 30, 2021, it owned 71,921 miles of underground distribution and transmission mains.
The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas. It also provides ancillary services to the pipeline industry, including parking arrangements, lending and inventory sales. As of September 30, 2021, it owned 5,699 miles of gas transmission lines.
Shareholders receive a 2.39% dividend. Morgan Stanley recently lifted its $129 target price on Atmos Energy stock to $140. The consensus target is $125.44, and Friday’s closing print was $114.01.
Consolidated Edison
This old-school utility stock offers income investors the stability and track record many seek now. Consolidated Edison Inc. (NYSE: ED) offers electric services to approximately 3.5 million customers in New York City and Westchester County; gas to around 1.1 million customers in Manhattan, the Bronx and parts of Queens and Westchester County; and steam to about 1,700 customers in parts of Manhattan.
Consolidated Edison owns 62 area distribution substations and various distribution facilities; 39 transmission substations and 62 area stations; electric generation facilities with an aggregate capacity of 724 megawatts that run on gas and fuel oil; 4,348 miles of mains and 369,791 service lines for natural gas distribution; and one steam-electric generating station and five steam-only generating stations.
The company operates 572 circuit miles of transmission lines; 14 transmission substations; 86,794 in-service line transformers; 3,994 pole miles of overhead distribution lines; and 1,889 miles of underground distribution lines, as well as 1,867 miles of mains and 105,482 service lines for natural gas distribution. In addition, it is involved in the sale and related hedging of electricity to retail customers, and the provision of energyelated products and services to wholesale and retail customers.
Investors receive a 3.24% dividend. Mizuho analysts have set their price target at $99. The consensus target is at $89.25, but Consolidated Edison stock closed on Friday at $97.41.
Duke Energy
Located in a growing part of the country, this is a very solid idea for investors now. Duke Energy Corp. (NYSE: DUK) is an energy company in the United States that operates through the following segments.
The Electric Utilities and Infrastructure segment generates, transmits, distributes and sells electricity generated from coal, hydroelectric, natural gas, oil, renewable generation and nuclear fuel. It also engages in the wholesale of electricity to municipalities, electric cooperative utilities and load-serving entities. This segment serves approximately 8.2 million customers in six states in the Southeast and Midwest regions of the United States, covering a service territory of approximately 91,000 square miles, and it owns approximately 50,259 megawatts (MW) of generation capacity.
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