Campbell & CO Investment Adviser LLC Buys 39,277 Shares of ONE Gas, Inc. $OGS

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in ONE Gas, Inc. by 160.1%, holding approximately 0.11% of the company worth $4.82 million as of its latest SEC filing.
• Several analysts have raised their price targets for ONE Gas shares, with Wells Fargo setting a new target at $89.00 and maintaining an "overweight" rating.
• ONE Gas declared a quarterly dividend of $0.67 per share, representing a 3.5% yield, with the payout date scheduled for September 3rd.

Campbell & CO Investment Adviser LLC lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 160.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,815 shares of the utilities provider's stock after acquiring an additional 39,277 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.11% of ONE Gas worth $4,824,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in OGS. Raymond James Financial Inc. bought a new stake in shares of ONE Gas during the fourth quarter worth $2,346,000. Guggenheim Capital LLC increased its position in shares of ONE Gas by 4.1% during the fourth quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after acquiring an additional 269 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of ONE Gas by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock worth $66,824,000 after acquiring an additional 15,976 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of ONE Gas by 58.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,239 shares of the utilities provider's stock worth $501,000 after acquiring an additional 2,666 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in ONE Gas by 528.5% in the fourth quarter. Hsbc Holdings PLC now owns 41,365 shares of the utilities provider's stock valued at $2,856,000 after purchasing an additional 34,783 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Guggenheim raised their target price on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Morgan Stanley set a $71.00 target price on shares of ONE Gas and gave the company an "outperform" rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $77.64.

ONE Gas Stock Performance

Shares of OGS traded up $0.41 during midday trading on Friday, reaching $76.63. The stock had a trading volume of 99,462 shares, compared to its average volume of 524,136. The firm has a 50 day simple moving average of $73.80 and a 200-day simple moving average of $74.37. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $82.25. The firm has a market cap of $4.60 billion, a PE ratio of 18.29, a P/E/G ratio of 3.17 and a beta of 0.82. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $432.69 million. During the same quarter last year, the firm posted $0.48 EPS. The company'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. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. ONE Gas's payout ratio is presently 63.96%.

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.