VIRGINIA RETIREMENT SYSTEMS ET Al Acquires New Holdings in ONE Gas, Inc. $OGS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 35,619 shares of the utilities provider's stock, valued at approximately $2,560,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of ONE Gas as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of ONE Gas by 2.3% during the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock valued at $485,136,000 after purchasing an additional 147,186 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of ONE Gas by 1.0% during the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider's stock valued at $256,849,000 after purchasing an additional 33,210 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of ONE Gas by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider's stock valued at $162,645,000 after purchasing an additional 26,742 shares in the last quarter. Boston Trust Walden Corp raised its stake in shares of ONE Gas by 1.7% during the second quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider's stock valued at $76,952,000 after purchasing an additional 18,180 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of ONE Gas by 23.2% during the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after purchasing an additional 148,003 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on OGS. Weiss Ratings restated a "buy (b-)" rating on shares of ONE Gas in a research note on Wednesday, October 8th. Mizuho upgraded shares of ONE Gas from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Morgan Stanley dropped their price target on shares of ONE Gas from $71.00 to $66.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $78.06.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $81.98 on Wednesday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. The company's 50-day moving average price is $77.57 and its two-hundred day moving average price is $75.52. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $83.27. The stock has a market cap of $4.92 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 3.44 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate 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 analysts' expectations of $432.69 million. During the same period in the previous year, the business earned $0.48 earnings per share. ONE Gas's revenue for the quarter 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. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. ONE Gas's dividend payout ratio (DPR) 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.

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