Maryland State Retirement & Pension System Grows Stock Holdings in ONE Gas, Inc. $OGS

Key Points

• Maryland State Retirement & Pension System increased its holdings in ONE Gas by 12.4%, owning approximately 54,009 shares valued at about $3.88 million at the end of the second quarter.
• ONE Gas reported earnings of <$0.53 per share for the last quarter, meeting analysts' expectations, while its revenue increased by 19.7% year-over-year, totaling $423.70 million.
• The company recently announced a quarterly dividend of $0.67 per share, offering an annualized dividend yield of 3.3% with a payout ratio of 63.96%.

Maryland State Retirement & Pension System lifted its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 12.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,009 shares of the utilities provider's stock after buying an additional 5,962 shares during the quarter. Maryland State Retirement & Pension System owned approximately 0.09% of ONE Gas worth $3,881,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after buying an additional 257 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in shares of ONE Gas by 195.6% during 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 in the last quarter. Parallel Advisors LLC lifted its stake in shares of ONE Gas by 20.1% during 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 in the last quarter. Wealth Preservation Advisors LLC purchased a new position in shares of ONE Gas during the 1st quarter valued at $76,000. Finally, GAMMA Investing LLC lifted its stake in shares of ONE Gas by 102.7% during 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 in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $80.46 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. The company has a market cap of $4.83 billion, a P/E ratio of 19.20, a P/E/G ratio of 3.35 and a beta of 0.85. The firm's fifty day moving average is $76.44 and its two-hundred day moving average is $75.17. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $82.25.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a $0.67 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas's payout ratio is 63.96%.

Analyst Ratings Changes

A number of research analysts recently weighed in on OGS shares. 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 research note on Thursday, September 25th. Weiss Ratings reiterated a "buy (b-)" rating on shares of ONE Gas in a report on Wednesday. Finally, Mizuho upgraded shares of ONE Gas from a "neutral" rating to an "outperform" rating and lifted their price target for the company 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 stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of "Moderate Buy" and an average target price of $78.06.

ONE Gas Company 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.

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