Bayforest Capital Ltd Buys Shares of 8,074 ONE Gas, Inc. $OGS

Key Points

• Bayforest Capital Ltd has acquired a new stake in ONE Gas, Inc., purchasing 8,074 shares valued at approximately $580,000 in the second quarter.
• ONE Gas recently reported an earnings per share (EPS) of $0.53 for the last quarter, meeting expectations, while revenue increased by 19.7% year-over-year.
• The company declared a quarterly dividend of $0.67, representing an annualized yield of 3.3%, with a payout ratio of 63.96%.

Bayforest Capital Ltd bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,074 shares of the utilities provider's stock, valued at approximately $580,000.

Several other large investors also recently added to or reduced their stakes in the stock. Diversified Trust Co grew its holdings in ONE Gas by 1.4% in the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider's stock valued at $766,000 after buying an additional 151 shares in the last quarter. Parallel Advisors LLC grew its holdings 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 buying an additional 152 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in ONE Gas by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider's stock valued at $501,000 after buying an additional 175 shares in the last quarter. State of Michigan Retirement System lifted its stake in shares of 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 purchasing an additional 200 shares during the last quarter. Finally, Louisiana State Employees Retirement System lifted its stake in shares of ONE Gas by 1.3% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider's stock valued at $1,202,000 after purchasing an additional 200 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

OGS opened at $80.48 on Wednesday. The stock's 50-day moving average price is $76.88 and its 200 day moving average price is $75.30. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 3.30 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas's revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. ONE Gas's dividend payout ratio (DPR) is currently 63.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OGS shares. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of ONE Gas in a research note on Wednesday, October 8th. Mizuho raised 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 note on Friday, September 26th. Finally, Morgan Stanley decreased their price target on ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a research note on Thursday, September 25th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.06.

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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