Valued at a market cap of $23.5 billion, Atmos Energy Corporation (ATO) is a natural gas-only distributor. Headquartered in Dallas, Texas, the company operates through two segments: Distribution and Pipeline and Storage.
Companies valued at $10 billion or more are generally described as “large-cap stocks,” and Atmos Energy definitely fits the criterion. ATO delivers natural gas to over 3.3 million distribution customers in over 1,400 communities across eight states located primarily in the South. Along with this, it engages proprietary pipeline and storage businesses.
