Valued at $19.5 billion by market cap, Atmos Energy Corporation (ATO) is a major player in the utilities sector, focusing on regulated natural gas distribution and storage. Based in Dallas, Texas, the company operates a vast network of pipelines and distribution systems across the United States.
Shares of the natural gas utility have lagged behind the broader market over the past 52 weeks. ATO has gained 9.9% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 27.7%. In 2024, shares of ATO are up 11.6%, compared to SPX's nearly 18% gain on a YTD basis.
