Point72 Asset Management L.P. acquired a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,192 shares of the utilities provider's stock, valued at approximately $290,000.
Other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in ONE Gas by 3,620.0% in the fourth quarter. UMB Bank n.a. now owns 372 shares of the utilities provider's stock worth $26,000 after purchasing an additional 362 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new position in ONE Gas in the fourth quarter worth $26,000. Crews Bank & Trust acquired a new position in ONE Gas in the fourth quarter worth $35,000. Sound Income Strategies LLC acquired a new position in ONE Gas in the fourth quarter worth $51,000. Finally, Transce3nd LLC acquired a new position in ONE Gas in the fourth quarter worth $77,000. Institutional investors and hedge funds own 88.71% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Guggenheim boosted 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 dropped their target price on ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a research report on Thursday, May 22nd. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Wells Fargo & Company boosted their target price on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $75.81.
View Our Latest Report on ONE Gas
ONE Gas Trading Down 1.1%
NYSE OGS traded down $0.81 on Thursday, reaching $72.73. The company had a trading volume of 134,095 shares, compared to its average volume of 454,838. The stock's 50 day moving average is $75.75 and its 200-day moving average is $73.50. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 18.60, a PEG ratio of 3.64 and a beta of 0.86. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77. ONE Gas, Inc. has a 52 week low of $58.31 and a 52 week high of $82.25.
ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. The business had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The firm's revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.75 earnings per share. Equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.
ONE Gas Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Monday, May 19th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.68%. ONE Gas's dividend payout ratio is presently 64.73%.
About ONE Gas
(
Free Report)
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.
See Also
Before you consider ONE Gas, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ONE Gas wasn't on the list.
While ONE Gas currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
