ONE Gas (NYSE:OGS) Hits New 12-Month High - Here's What Happened

Key Points

• ONE Gas's stock reached a new 12-month high, trading at $82.47 with a market capitalization of $4.98 billion.
• Mizuho upgraded the company's rating from "neutral" to "outperform," increasing the price target from $77.00 to $86.00, while Morgan Stanley lowered its target from $71.00 to $66.00.
• The company announced a quarterly dividend payment of $0.67 per share, representing an annualized yield of 3.2% with a payout ratio of 63.96%.

ONE Gas, Inc. (NYSE:OGS - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $82.39 and last traded at $82.47, with a volume of 209 shares. The stock had previously closed at $82.08.

Analyst Upgrades and Downgrades

OGS has been the subject of several analyst reports. Morgan Stanley lowered their target price on ONE Gas from $71.00 to $66.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Mizuho upgraded ONE Gas from a "neutral" rating to an "outperform" rating and lifted their price target for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of ONE Gas in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $78.06.

ONE Gas Stock Up 1.2%

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 stock has a market capitalization of $4.98 billion, a P/E ratio of 19.83, a P/E/G ratio of 3.40 and a beta of 0.85. The company's 50-day moving average price is $77.29 and its 200 day moving average price is $75.41.

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

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a dividend of $0.67 per share. 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 3.2%. ONE Gas's payout ratio is 63.96%.

Institutional Trading of ONE Gas

Several institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV raised its position in ONE Gas by 21.6% during the 1st quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after buying an additional 479 shares during the last quarter. Teacher Retirement System of Texas grew its stake in ONE Gas by 369.2% in the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock valued at $1,525,000 after acquiring an additional 15,873 shares during the last quarter. Advisors Capital Management LLC purchased a new position in shares of ONE Gas during the 1st quarter worth about $562,000. GAMMA Investing LLC lifted its holdings in shares of ONE Gas by 102.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after acquiring an additional 682 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of ONE Gas by 21.2% in the first quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider's stock worth $5,354,000 after buying an additional 12,392 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

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.

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