The Pipeline and Storage 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, 2020, it owned 5,684 miles of gas transmission lines.
Atmos Energy stock investors receive a 2.43% dividend. Morgan Stanley recently increased its $139 target price to $140. The consensus target is $125.63, and Thursday’s closing print of $111.37.
Cardinal Health
This is a solid way for growth and income investors who are more conservative to play the health care sector. Cardinal Health Inc. (NYSE: CAH) is one of the largest drug and medical product distributors. The company generates approximately two-thirds of its profit from the pharmaceutical business and nearly one-third from its medical business.
The pharmaceutical distribution business supports retail/mail/hospital/physician clients, as well as drug manufacturers. The medical business manufactures its own portfolio of medical products and distributes brand-name products to hospitals and physicians.
Shareholders receive a 3.50% dividend. Morgan Stanley’s $74 price objective for Cardinal Health stock compares to a $63.00 consensus target and the most recent close at $55.83 a share.
Chubb
This giant insurer is a solid bet for worried investors now, and it also posted solid first-quarter earnings. Chubb Ltd. (NYSE: CB) provides insurance and reinsurance products worldwide. The company operates through the following segments.
Its North America Commercial P&C Insurance segment offers commercial property, casualty, workers’ compensation, package policies, risk management, financial lines, marine, construction, environmental, medical, cyber risk, surety and excess casualty, as well as group accident and health insurance to large, middle market and small commercial businesses.
The North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance and recreational marine insurance and services.
The North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance, as well as coverage for farm and ranch property and commercial agriculture products.
The Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk and construction risk; and group accident and health and traditional and specialty personal lines for corporations, middle markets and small customers through retail brokers, agents and other channels.
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