Amalgamated Bank Has $1.88 Million Position in ONE Gas, Inc. $OGS

Amalgamated Bank grew its stake in ONE Gas, Inc. (NYSE:OGS) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,224 shares of the utilities provider’s stock after purchasing an additional 944 shares during the period. Amalgamated Bank’s holdings in ONE Gas were worth $1,884,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its stake in shares of ONE Gas by 369.2% in the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider’s stock valued at $1,525,000 after purchasing an additional 15,873 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in shares of ONE Gas in the 1st quarter valued at approximately $562,000. AQR Capital Management LLC boosted its stake in shares of ONE Gas by 21.2% in the 1st quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider’s stock valued at $5,354,000 after purchasing an additional 12,392 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ONE Gas in the 1st quarter valued at approximately $651,000. Finally, Principal Financial Group Inc. boosted its stake in shares of ONE Gas by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider’s stock valued at $13,513,000 after purchasing an additional 3,085 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Down 1.4%

ONE Gas stock opened at $80.75 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.47. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $83.39. The firm has a 50 day moving average price of $78.92 and a two-hundred day moving average price of $76.08. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 3.23 and a beta of 0.85.

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, hitting the consensus estimate of $0.44. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The firm had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. During the same quarter last year, the business earned $0.34 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.67 per share. The ex-dividend date is Friday, November 14th. This represents a $2.68 annualized dividend and a yield of 3.3%. ONE Gas’s dividend payout ratio (DPR) is presently 63.96%.

Analyst Ratings Changes

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

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.