Aberdeen Group plc Has $35.38 Million Stake in ONE Gas, Inc. $OGS

Key Points

• Aberdeen Group plc increased its stake in ONE Gas, Inc. by 80.6%, now owning 468,027 shares valued at approximately $35.4 million.
• ONE Gas reported earnings of $0.53 per share for the latest quarter, meeting expectations, with a revenue increase of 19.7% year-over-year.
• The company announced a quarterly dividend of $0.67 per share, reflecting an annual yield of 3.5%.

Aberdeen Group plc increased its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 80.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,027 shares of the utilities provider's stock after acquiring an additional 208,944 shares during the quarter. Aberdeen Group plc owned about 0.78% of ONE Gas worth $35,378,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new position in ONE Gas during the 4th quarter worth approximately $26,000. UMB Bank n.a. boosted its stake in 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 acquiring an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in ONE Gas in the fourth quarter valued at approximately $50,000. Farther Finance Advisors LLC lifted its stake in ONE Gas by 195.6% in the first 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. Finally, Transce3nd LLC bought a new position in ONE Gas in the fourth quarter valued at approximately $77,000. Institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on OGS. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Guggenheim lifted their price target on shares of 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 raised shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Finally, Wells Fargo & Company lifted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $77.64.

ONE Gas Stock Up 0.3%

OGS traded up $0.2340 during trading hours on Wednesday, hitting $75.0440. 490,308 shares of the company's stock were exchanged, compared to its average volume of 529,977. ONE Gas, Inc. has a 1-year low of $66.38 and a 1-year high of $82.25. The stock's 50-day moving average is $73.33 and its two-hundred day moving average is $74.14. The stock has a market cap of $4.50 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 3.06 and a beta of 0.82. 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 released 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. The business had revenue of $423.70 million for 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%.ONE Gas's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be given a $0.67 dividend. The ex-dividend date of this dividend 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 currently 63.96%.

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.