Allianz Asset Management GmbH Sells 104,547 Shares of ONE Gas, Inc. $OGS

Key Points

• Allianz Asset Management GmbH has sold 104,547 shares of ONE Gas, reducing its stake by 55.6%, now holding 83,528 shares worth approximately $6 million.
• Several institutional investors, including UMB Bank and Parallel Advisors LLC, increased their holdings in ONE Gas, which now sees 88.71% of its stock owned by institutional investors.
• Analysts have given ONE Gas a positive outlook, with price targets ranging from $72 to $99 and a consensus rating of "Moderate Buy."

Allianz Asset Management GmbH decreased its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 55.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,528 shares of the utilities provider's stock after selling 104,547 shares during the period. Allianz Asset Management GmbH owned about 0.14% of ONE Gas worth $6,002,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake in ONE Gas by 36.1% in the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider's stock valued at $62,000 after purchasing an additional 227 shares during the last quarter. Parallel Advisors LLC lifted its stake in ONE Gas by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider's stock valued at $65,000 after purchasing an additional 152 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in ONE Gas in the 1st quarter valued at approximately $76,000. Farther Finance Advisors LLC raised its stake in shares of ONE Gas by 34.8% during the second quarter. Farther Finance Advisors LLC now owns 1,080 shares of the utilities provider's stock valued at $78,000 after acquiring an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after acquiring an additional 682 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OGS. Mizuho upgraded ONE Gas from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $77.00 to $86.00 in a report on Friday, September 26th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ONE Gas in a research report on Wednesday, October 8th. Jefferies Financial Group set a $99.00 target price on ONE Gas and gave the stock a "buy" rating in a research report on Wednesday. Finally, Morgan Stanley reaffirmed an "outperform" rating and set a $72.00 target price on shares of ONE Gas in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.69.

ONE Gas Price Performance

Shares of NYSE OGS opened at $82.39 on Thursday. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $83.27. The firm has a fifty day simple moving average of $77.69 and a 200 day simple moving average of $75.57. The company has a market capitalization of $4.94 billion, a PE ratio of 19.66, a P/E/G ratio of 3.39 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 - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same quarter last year, the firm earned $0.48 earnings per share. 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. On average, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced 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. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas's dividend payout ratio (DPR) is currently 63.96%.

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.

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