Meiji Yasuda Asset Management Co Ltd. Has $8.72 Million Holdings in ONE Gas, Inc. $OGS

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in ONE Gas, Inc. by 14.9%, now owning approximately 0.19% of the company valued at $8.7 million.
• The stock has received upgraded ratings from several analysts, with an average target price of $77.64 and a consensus rating of "Moderate Buy."
• ONE Gas reported a quarterly EPS of $0.53, matching analysts' expectations, and announced a quarterly dividend of $0.67 per share, resulting in an annual yield of 3.5%.

Meiji Yasuda Asset Management Co Ltd. raised its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 14.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 115,373 shares of the utilities provider's stock after buying an additional 14,925 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned 0.19% of ONE Gas worth $8,721,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings 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 worth $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ONE Gas in the 4th quarter valued at $50,000. Farther Finance Advisors LLC boosted its stake in ONE Gas by 195.6% in 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. Wealth Preservation Advisors LLC bought a new position in ONE Gas in the 1st quarter valued at $76,000. Finally, GAMMA Investing LLC raised its position in ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 682 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Trading Down 0.3%

Shares of OGS stock traded down $0.23 on Friday, reaching $75.73. 294,625 shares of the stock were exchanged, compared to its average volume of 403,574. The stock has a market cap of $4.54 billion, a PE ratio of 18.07, a P/E/G ratio of 3.15 and a beta of 0.85. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $82.25. 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 stock has a 50 day moving average price of $74.48 and a 200 day moving average price of $74.60.

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, hitting analysts' consensus estimates of $0.53. The company 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 firm's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Equities research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $71.00 price objective on ONE Gas and gave the company an "outperform" rating in a research report on Thursday, August 21st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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.