ONE Gas, Inc. $OGS Shares Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners LLC increased its stake in ONE Gas, Inc. by 2.0%, holding approximately 650,809 shares valued at $49.2 million after acquiring an additional 12,887 shares in the 1st quarter.
• ONE Gas recently announced a quarterly dividend of $0.67 per share, translating to an annualized dividend of $2.68 and a yield of 3.5%.
• Analysts have mixed ratings on ONE Gas, with four giving a "Buy" rating and three a "Hold" rating, while the stock's average target price is set at $77.64.

Energy Income Partners LLC raised its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 650,809 shares of the utilities provider's stock after buying an additional 12,887 shares during the period. Energy Income Partners LLC owned about 1.09% of ONE Gas worth $49,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in OGS. Ameriprise Financial Inc. raised its position in shares of ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after buying an additional 154 shares during the period. State of Alaska Department of Revenue raised its position in shares of ONE Gas by 2.7% during 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 during the period. State of Michigan Retirement System raised its position in shares of ONE Gas by 1.5% during 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 buying an additional 200 shares during the period. Louisiana State Employees Retirement System raised its position in shares of ONE Gas by 1.3% during 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 buying an additional 200 shares during the period. Finally, Albert D Mason Inc. raised its position in shares of ONE Gas by 1.1% during the 1st quarter. Albert D Mason Inc. now owns 22,744 shares of the utilities provider's stock valued at $1,719,000 after buying an additional 238 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Performance

NYSE OGS traded down $0.79 during trading hours on Wednesday, hitting $75.35. 397,938 shares of the stock were exchanged, compared to its average volume of 473,468. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 18.26, a price-to-earnings-growth ratio of 3.17 and a beta of 0.85. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25. The stock has a 50-day moving average of $74.07 and a 200 day moving average of $74.50. 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 issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share 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 company had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same period in the prior year, the business posted $0.48 earnings per share. The firm's revenue for the quarter was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, equities research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

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

Analyst Upgrades and Downgrades

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

ONE Gas 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.