Jupiter Asset Management Ltd. Buys 59,218 Shares of ONE Gas, Inc. $OGS

Jupiter Asset Management Ltd. grew its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 469.5% during the second quarter, HoldingsChannel.com reports. The fund owned 71,830 shares of the utilities provider’s stock after buying an additional 59,218 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in ONE Gas were worth $5,162,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vise Technologies Inc. purchased a new stake in ONE Gas in the second quarter worth approximately $623,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in ONE Gas by 437.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,843 shares of the utilities provider’s stock valued at $4,947,000 after buying an additional 56,029 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of ONE Gas during the 2nd quarter valued at $307,000. Fox Run Management L.L.C. bought a new position in shares of ONE Gas during the 2nd quarter valued at $544,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of ONE Gas by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock worth $58,547,000 after buying an additional 27,713 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $82.07 on Friday. The stock has a market cap of $4.92 billion, a P/E ratio of 19.13, a P/E/G ratio of 3.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The stock’s fifty day moving average is $79.62 and its 200 day moving average is $76.25. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $83.39.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.ONE Gas’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. ONE Gas’s dividend payout ratio is currently 62.47%.

Analyst Ratings Changes

Several analysts recently commented on OGS shares. Morgan Stanley reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of ONE Gas in a report on Wednesday, October 22nd. Jefferies Financial Group raised their target price on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.69.

ONE Gas 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.