Advisors Capital Management LLC Acquires Shares of 7,439 ONE Gas, Inc. $OGS

Key Points

• Advisors Capital Management LLC has acquired a new position in ONE Gas, Inc., purchasing 7,439 shares valued at approximately $562,000 in the first quarter.
• Analysts have set a price target of $71.00 for ONE Gas with a consensus target price of $77.64, indicating a generally favorable outlook on the stock.
• ONE Gas recently declared a quarterly dividend of $0.67 per share, resulting in an annualized dividend of $2.68 and a yield of 3.5%.

Advisors Capital Management LLC purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 7,439 shares of the utilities provider's stock, valued at approximately $562,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OGS. Nuveen LLC bought a new position in ONE Gas during the first quarter valued at approximately $29,697,000. Aberdeen Group plc grew its holdings in shares of ONE Gas by 80.6% in the first quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider's stock worth $35,378,000 after purchasing an additional 208,944 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after purchasing an additional 157,375 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $59,492,000 after purchasing an additional 148,003 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock worth $485,136,000 after purchasing an additional 147,186 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 0.4%

OGS stock traded up $0.32 on Thursday, reaching $75.59. The company's stock had a trading volume of 380,404 shares, compared to its average volume of 342,705. The business has a fifty day simple moving average of $74.67 and a two-hundred day simple moving average of $74.61. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25. The firm has a market cap of $4.54 billion, a PE ratio of 18.04, a PEG ratio of 3.12 and a beta of 0.85. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. During the same quarter last year, the firm posted $0.48 earnings per share. The firm's 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, research 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. Shareholders of record on Monday, August 18th were given 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 3.5%. ONE Gas's dividend payout ratio (DPR) is currently 63.96%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $71.00 target price on shares of ONE Gas and gave the stock an "outperform" rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $77.64.

ONE Gas Company 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.