Strs Ohio Buys Shares of 6,300 ONE Gas, Inc. $OGS

Key Points

• Strs Ohio has acquired 6,300 shares of ONE Gas, Inc. amounting to approximately $476,000, as reported in its recent SEC filing.
• Analysts have set a target price of $71.00 for ONE Gas shares, with the consensus rating being "Moderate Buy" and an average target price of $77.64.
• ONE Gas recently declared a quarterly dividend of $0.67 per share, resulting in an annualized dividend yield of 3.5%.

Strs Ohio bought a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,300 shares of the utilities provider's stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also modified their holdings of OGS. Ameriprise Financial Inc. lifted its position in shares of ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after buying an additional 154 shares during the period. Squarepoint Ops LLC grew its holdings in shares of ONE Gas by 12.0% in the 4th quarter. Squarepoint Ops LLC now owns 23,842 shares of the utilities provider's stock worth $1,651,000 after purchasing an additional 2,557 shares during the last quarter. Voloridge Investment Management LLC bought a new stake in shares of ONE Gas in the 4th quarter worth about $1,301,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of ONE Gas by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,951 shares of the utilities provider's stock worth $12,808,000 after purchasing an additional 12,593 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of ONE Gas by 11.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,887 shares of the utilities provider's stock worth $269,000 after purchasing an additional 394 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

NYSE:OGS traded up $0.35 during mid-day trading on Monday, reaching $76.12. 342,641 shares of the company were exchanged, compared to its average volume of 345,236. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $82.25. The company has a fifty day moving average of $74.76 and a 200 day moving average of $74.65. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.57 billion, a PE ratio of 18.17, a PEG ratio of 3.14 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS 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 analyst estimates of $432.69 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The company'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, research 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. Shareholders of record on Monday, August 18th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. ONE Gas's dividend payout ratio is presently 63.96%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley set a $71.00 target price on shares of ONE Gas and gave the stock an "outperform" rating in a report on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.