Earnest Partners LLC Has $99.81 Million Stock Position in ONE Gas, Inc. $OGS

Key Points

• Earnest Partners LLC reduced its stake in ONE Gas, Inc. by 1.8%, maintaining ownership of approximately 1,320,434 shares, valued at about $99.81 million as of the end of the first quarter.
• ONE Gas reported earnings of $0.53 per share, aligning with analysts' expectations, along with a revenue of $423.70 million, marking a 19.7% increase year-over-year.
• The company announced a quarterly dividend of $0.67, set to be paid on September 3rd, resulting in an annualized yield of 3.6%.

Earnest Partners LLC decreased its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,320,434 shares of the utilities provider's stock after selling 23,607 shares during the quarter. Earnest Partners LLC owned about 2.20% of ONE Gas worth $99,812,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Wealth Preservation Advisors LLC acquired a new position in shares of ONE Gas during the 1st quarter worth approximately $76,000. Campbell & CO Investment Adviser LLC boosted its stake in shares of ONE Gas by 160.1% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 63,815 shares of the utilities provider's stock worth $4,824,000 after acquiring an additional 39,277 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of ONE Gas by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider's stock worth $162,645,000 after acquiring an additional 26,742 shares during the period. Capital Fund Management S.A. bought a new position in shares of ONE Gas during the 1st quarter worth approximately $2,993,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of ONE Gas during the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Performance

NYSE:OGS opened at $75.34 on Wednesday. The stock has a fifty day moving average price of $73.61 and a 200-day moving average price of $74.31. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 17.98, a PEG ratio of 3.12 and a beta of 0.82. 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, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25.

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

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 18th. ONE Gas's payout ratio is currently 63.96%.

Analyst Upgrades and Downgrades

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

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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