Sequoia Financial Advisors LLC Invests $496,000 in ONE Gas, Inc. $OGS

Sequoia Financial Advisors LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 6,901 shares of the utilities provider’s stock, valued at approximately $496,000.

A number of other institutional investors also recently made changes to their positions in OGS. Yousif Capital Management LLC lifted its stake in ONE Gas by 3.9% during the second quarter. Yousif Capital Management LLC now owns 20,066 shares of the utilities provider’s stock valued at $1,442,000 after purchasing an additional 755 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in ONE Gas by 12.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,726 shares of the utilities provider’s stock valued at $627,000 after purchasing an additional 965 shares during the last quarter. Inspire Investing LLC lifted its stake in ONE Gas by 22.9% during the second quarter. Inspire Investing LLC now owns 5,675 shares of the utilities provider’s stock valued at $408,000 after purchasing an additional 1,058 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in ONE Gas by 12.4% during the second quarter. Maryland State Retirement & Pension System now owns 54,009 shares of the utilities provider’s stock valued at $3,881,000 after purchasing an additional 5,962 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in ONE Gas by 10.8% during the second quarter. KLP Kapitalforvaltning AS now owns 24,600 shares of the utilities provider’s stock valued at $1,768,000 after purchasing an additional 2,400 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OGS shares. Weiss Ratings reissued 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 upped their price target for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Morgan Stanley reduced their price target on shares of ONE Gas from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.06.

ONE Gas Stock Performance

Shares of OGS opened at $83.24 on Tuesday. The company’s fifty day moving average is $77.45 and its 200-day moving average is $75.48. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $83.27. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.40 and a beta of 0.85. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS 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 company 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 business posted $0.48 EPS. ONE Gas’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. Equities analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. ONE Gas’s dividend payout ratio is 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.