Oppenheimer Asset Management Inc. Has $1.52 Million Stock Holdings in ONE Gas, Inc. $OGS

Oppenheimer Asset Management Inc. trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS) by 1.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,176 shares of the utilities provider’s stock after selling 351 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ONE Gas were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Diversified Trust Co increased its position in shares of ONE Gas by 1.4% during the second quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider’s stock valued at $766,000 after purchasing an additional 151 shares during the period. Parallel Advisors LLC boosted its stake in ONE Gas by 20.1% during the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after buying an additional 152 shares in the last quarter. State of Michigan Retirement System increased its holdings in ONE Gas by 1.5% in the 1st quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock valued at $1,028,000 after buying an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of ONE Gas by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider’s stock worth $1,202,000 after acquiring an additional 200 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of ONE Gas by 36.1% during the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 227 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of OGS stock opened at $80.85 on Friday. The firm’s 50 day moving average price is $78.52 and its two-hundred day moving average price is $75.97. 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, Inc. has a 52-week low of $66.38 and a 52-week high of $83.39. The stock has a market cap of $4.85 billion, a PE ratio of 19.29, a PEG ratio of 3.19 and a beta of 0.85.

ONE Gas (NYSE:OGS) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share 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 analyst estimates of $432.69 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The company’s quarterly revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.3%. ONE Gas’s dividend payout ratio (DPR) is presently 63.96%.

Wall Street Analysts Forecast Growth

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