3,598 Shares in ONE Gas, Inc. $OGS Bought by MQS Management LLC

MQS Management LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the second quarter, HoldingsChannel reports. The fund bought 3,598 shares of the utilities provider’s stock, valued at approximately $259,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of OGS. Nuveen LLC acquired a new position in shares of ONE Gas during the first quarter worth $29,697,000. Aberdeen Group plc boosted its stake in ONE Gas by 80.6% in the first quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider’s stock valued at $35,378,000 after acquiring an additional 208,944 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider’s stock valued at $14,217,000 after acquiring an additional 157,375 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in ONE Gas by 23.2% in the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock valued at $59,492,000 after acquiring an additional 148,003 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock valued at $485,136,000 after acquiring an additional 147,186 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

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

ONE Gas Price Performance

Shares of OGS opened at $83.25 on Tuesday. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $83.39. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.28 and a beta of 0.85. The firm has a 50-day simple moving average of $78.14 and a 200-day simple moving average of $75.84. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The business’s quarterly 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, equities research 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 declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas’s dividend payout ratio is currently 63.96%.

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.