T. Rowe Price Investment Management Inc. Buys 26,742 Shares of ONE Gas, Inc. $OGS

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in ONE Gas, Inc. by 1.3% to own approximately 3.59% of the company, valued at $162.65 million.
• Analysts have recently raised price targets for ONE Gas, with Wells Fargo increasing their target from $82.00 to $89.00, while Guggenheim set theirs at $73.00, reflecting a generally favorable outlook.
• ONE Gas declared a quarterly dividend of $0.67 per share, translating to a 3.6% dividend yield, and the company's dividend payout ratio is currently at 63.96%.

T. Rowe Price Investment Management Inc. increased its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,151,670 shares of the utilities provider's stock after buying an additional 26,742 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.59% of ONE Gas worth $162,645,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of OGS. Raymond James Financial Inc. acquired a new stake in ONE Gas during the fourth quarter valued at $2,346,000. Barclays PLC raised its stake in shares of ONE Gas by 38.4% during the 4th quarter. Barclays PLC now owns 146,167 shares of the utilities provider's stock worth $10,122,000 after purchasing an additional 40,560 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of ONE Gas by 4.1% during the 4th quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock valued at $478,000 after buying an additional 269 shares during the last quarter. Jump Financial LLC bought a new stake in shares of ONE Gas in the 4th quarter valued at approximately $536,000. Finally, GeoWealth Management LLC increased its holdings in ONE Gas by 1,689.7% in the fourth quarter. GeoWealth Management LLC now owns 2,255 shares of the utilities provider's stock worth $156,000 after buying an additional 2,129 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analyst Weigh In

OGS has been the subject of several recent research reports. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim lifted their price objective 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. Wells Fargo & Company upped their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Finally, Morgan Stanley set a $71.00 price objective on shares of ONE Gas and gave the stock an "outperform" rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.64.

ONE Gas Price Performance

ONE Gas stock traded up $0.19 on Tuesday, reaching $75.57. The company's stock had a trading volume of 53,118 shares, compared to its average volume of 525,192. 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 $4.53 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 3.19 and a beta of 0.82. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25. The business's fifty day moving average price is $73.54 and its 200 day moving average price is $74.30.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million for the quarter, compared to analysts' expectations of $432.69 million. During the same period in the prior year, the firm earned $0.48 earnings per share. ONE Gas's revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas's payout ratio is currently 63.96%.

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.