ONE Gas, Inc. $OGS Shares Bought by T. Rowe Price Investment Management Inc.

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 stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 about 3.59% of ONE Gas worth $162,645,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions LLC purchased a new stake in ONE Gas in the 4th quarter valued at approximately $26,000. UMB Bank n.a. boosted its holdings in ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in ONE Gas in the 4th quarter valued at approximately $50,000. Farther Finance Advisors LLC boosted its holdings 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 purchasing an additional 530 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of ONE Gas stock traded up $1.7480 during trading on Friday, hitting $76.9780. 690,310 shares of the company were exchanged, compared to its average volume of 490,353. 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, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25. The stock has a market capitalization of $4.62 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 3.19 and a beta of 0.82. The firm has a 50 day moving average price of $73.47 and a 200 day moving average price of $74.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The firm had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same period in the previous year, the firm posted $0.48 EPS. The company's quarterly 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. On average, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. 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 report on Wednesday, May 7th. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. 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 report on Wednesday, May 7th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, ONE Gas currently has an average rating of "Hold" and an average target price of $77.64.

ONE Gas Company 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.