Photograph by Michael Nagle/Bloomberg

Natural-gas prices are in the midst of a slump of historic proportions, and shares of companies that explore for and produce the commodity are falling hard. But investors can still profit from the increasing use of natural gas, one analyst argues. The key is to buy the stocks of natural-gas utilities that distribute gas for heating and should benefit as it becomes more ubiquitous.

Natural-gas futures are down 52% since hitting 52-week highs in November, falling to $2.30 per million BTUs on Monday. Earlier this month, futures snapped a 12-session losing streak, the worst such streak in at least 19 years. There’s

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