Energy Income Partners LLC Purchases 41,678 Shares of ONE Gas, Inc. $OGS

Energy Income Partners LLC boosted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 6.4% in the second quarter, Holdings Channel reports. The fund owned 692,487 shares of the utilities provider’s stock after purchasing an additional 41,678 shares during the quarter. Energy Income Partners LLC’s holdings in ONE Gas were worth $49,762,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of OGS. Daiwa Securities Group Inc. bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $50,000. Avalon Trust Co bought a new position in shares of ONE Gas in the 2nd quarter worth approximately $51,000. UMB Bank n.a. boosted its holdings in shares of ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after buying an additional 227 shares during the last quarter. Hantz Financial Services Inc. grew its position in ONE Gas by 5,362.5% during the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock valued at $63,000 after buying an additional 858 shares during the period. Finally, Parallel Advisors LLC grew its position in ONE Gas by 20.1% during the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after buying an additional 152 shares during the period. Institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on OGS shares. UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and increased their price target for the stock from $66.00 to $86.00 in a research report on Tuesday, November 18th. Morgan Stanley reaffirmed an “underperform” rating and issued a $75.00 target price on shares of ONE Gas in a report on Thursday, November 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, Bank of America raised their price objective on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $86.29.

ONE Gas Trading Down 0.3%

Shares of ONE Gas stock opened at $76.81 on Friday. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $83.96. 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 company has a market capitalization of $4.61 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.66 and a beta of 0.79. The company has a fifty day moving average of $81.09 and a 200 day moving average of $76.85.

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

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio is presently 62.47%.

About ONE Gas

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.