R Squared Ltd Invests $241,000 in ONE Gas, Inc. $OGS

R Squared Ltd purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,349 shares of the utilities provider’s stock, valued at approximately $241,000.

A number of other hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. raised its position in shares of ONE Gas by 238.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,371 shares of the utilities provider’s stock worth $170,000 after purchasing an additional 1,670 shares during the period. Securian Asset Management Inc. raised its position in shares of ONE Gas by 6.6% during the second quarter. Securian Asset Management Inc. now owns 4,564 shares of the utilities provider’s stock worth $328,000 after purchasing an additional 281 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of ONE Gas during the second quarter worth about $2,560,000. Mutual of America Capital Management LLC raised its position in shares of ONE Gas by 2.2% during the second quarter. Mutual of America Capital Management LLC now owns 29,803 shares of the utilities provider’s stock worth $2,142,000 after purchasing an additional 644 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of ONE Gas during the second quarter worth about $580,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.8%

OGS stock opened at $82.86 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The business has a 50 day moving average price of $77.95 and a two-hundred day moving average price of $75.74. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 3.43 and a beta of 0.85. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $83.27.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The firm had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The business’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, August 18th. ONE Gas’s dividend payout ratio (DPR) is currently 63.96%.

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “outperform” rating and set a $72.00 price target on shares of ONE Gas in a research report on Wednesday. Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $77.00 to $86.00 in a report on Friday, September 26th. Jefferies Financial Group increased their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a report on Saturday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.