ONE Gas, Inc. $OGS Shares Purchased by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in ONE Gas, Inc. by 17.7%, now holding shares worth $2.02 million.
• ONE Gas recently reported quarterly earnings of $0.53 EPS, meeting analyst expectations, with revenue growth of 19.7% year-over-year.
• The company declared a quarterly dividend of $0.67 per share, providing a dividend yield of 3.5%, with a payout ratio of 63.96%.

HighTower Advisors LLC grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 17.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,752 shares of the utilities provider's stock after acquiring an additional 4,028 shares during the quarter. HighTower Advisors LLC's holdings in ONE Gas were worth $2,022,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in ONE Gas in the first quarter worth about $29,697,000. Virtu Financial LLC acquired a new stake in ONE Gas in the first quarter worth about $256,000. Benjamin Edwards Inc. boosted its holdings in ONE Gas by 3.3% in the first quarter. Benjamin Edwards Inc. now owns 21,160 shares of the utilities provider's stock worth $1,599,000 after acquiring an additional 682 shares in the last quarter. Maryland State Retirement & Pension System boosted its holdings in ONE Gas by 2.8% in the first quarter. Maryland State Retirement & Pension System now owns 48,047 shares of the utilities provider's stock worth $3,632,000 after acquiring an additional 1,314 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ONE Gas by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 785,917 shares of the utilities provider's stock worth $59,407,000 after acquiring an additional 2,679 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Performance

OGS stock traded down $0.35 during trading on Thursday, hitting $76.17. 238,455 shares of the company traded hands, compared to its average volume of 524,649. The stock's 50-day simple moving average is $73.71 and its 200 day simple moving average is $74.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market cap of $4.57 billion, a PE ratio of 18.19, a P/E/G ratio of 3.12 and a beta of 0.82. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The firm had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same quarter last year, the firm posted $0.48 EPS. The business's 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, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given 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 3.5%. ONE Gas's dividend payout ratio (DPR) is 63.96%.

Analysts Set New Price Targets

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