Boston Trust Walden Corp Has $76.95 Million Stock Position in ONE Gas, Inc. $OGS

Key Points

• Boston Trust Walden Corp increased its stake in ONE Gas, Inc. by 1.7% during Q2, owning approximately 1.79% of the company, valued at $76.95 million.
• ONE Gas reported earnings per share of $0.53 for the latest quarter, matching consensus estimates, with revenue of $423.70 million, up 19.7% year-over-year.
• The firm announced a quarterly dividend of $0.67 per share, representing an annualized yield of 3.4%.

Boston Trust Walden Corp increased its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,070,858 shares of the utilities provider's stock after acquiring an additional 18,180 shares during the quarter. Boston Trust Walden Corp owned about 1.79% of ONE Gas worth $76,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OGS. Farther Finance Advisors LLC increased its holdings in ONE Gas by 195.6% in the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after buying an additional 530 shares during the period. UMB Bank n.a. increased its holdings 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 buying an additional 227 shares during the period. Parallel Advisors LLC increased 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 during the period. Wealth Preservation Advisors LLC bought a new stake in ONE Gas in the 1st quarter valued at $76,000. Finally, GAMMA Investing LLC increased its holdings in ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after buying an additional 682 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Down 0.9%

Shares of NYSE OGS opened at $79.73 on Tuesday. The firm's 50-day simple moving average is $76.72 and its 200 day simple moving average is $75.27. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 3.33 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, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly 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. 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 for the quarter, compared to the consensus estimate of $432.69 million. During the same quarter in the prior year, the company earned $0.48 EPS. The firm'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, research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced 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 was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. ONE Gas's dividend payout ratio is presently 63.96%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OGS shares. Weiss Ratings reissued a "buy (b-)" rating on shares of ONE Gas in a report on Wednesday, October 8th. Morgan Stanley lowered their target price on shares of ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, Mizuho raised shares of ONE Gas from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $77.00 to $86.00 in a report on Friday, September 26th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of "Moderate Buy" and an average price target of $78.06.

About ONE Gas

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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