Atmos Energy: Favorable Legislation, Stability Make Shares Attractive (Upgrade)

Core Viewpoint - Atmos Energy (NYSE: ATO) has shown strong performance over the past year, with a 27% increase in share price, attributed to solid execution and predictable cash flows in the industry [1] Company Performance - The company benefits from recent legislation in Texas that enhances its regulatory environment, contributing to its strong performance [1] Industry Context - Atmos Energy is noted for having one of the most predictable cash flows in the utility sector, which is a significant advantage in the current market [1]