Aberdeen Group plc Sells 189,697 Shares of ONE Gas, Inc. $OGS

Aberdeen Group plc decreased its stake in ONE Gas, Inc. (NYSE:OGS) by 40.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 278,330 shares of the utilities provider’s stock after selling 189,697 shares during the period. Aberdeen Group plc owned about 0.46% of ONE Gas worth $20,001,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of ONE Gas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock worth $485,136,000 after buying an additional 147,186 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of ONE Gas by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock worth $256,849,000 after buying an additional 33,210 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in shares of ONE Gas by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock worth $162,645,000 after buying an additional 26,742 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of ONE Gas by 23.2% in the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock worth $59,492,000 after buying an additional 148,003 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of ONE Gas by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 785,917 shares of the utilities provider’s stock valued at $59,407,000 after purchasing an additional 2,679 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Down 0.9%

Shares of OGS opened at $79.73 on Tuesday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.03, a PEG ratio of 3.33 and a beta of 0.85. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $76.72 and a two-hundred day simple moving average of $75.27. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The firm had revenue of $423.70 million for the quarter, compared to analysts’ expectations of $432.69 million. During the same period in the previous year, the firm earned $0.48 earnings per share. The business’s revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas’s dividend payout ratio (DPR) is currently 63.96%.

Wall Street Analysts Forecast Growth

OGS has been the subject of a number of research reports. Mizuho raised shares of ONE Gas from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Morgan Stanley cut their price objective on shares of ONE Gas from $71.00 to $66.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and a consensus price target of $78.06.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.