ONE Gas (NYSE:OGS) Issues Quarterly Earnings Results

Key Points

• ONE Gas reported a quarterly earnings per share (EPS) of $0.53, matching analysts' expectations, and marked a 19.7% increase in revenue compared to the same period last year.
• The company announced a quarterly dividend of $0.67 to be paid on September 3rd, representing an annualized dividend yield of 3.7%.
• Institutional investors hold 88.71% of ONE Gas's shares, with significant increases in holdings by several hedge funds in the most recent quarter.

ONE Gas (NYSE:OGS - Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53, Zacks reports. The business had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The company's quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. ONE Gas updated its FY 2025 guidance to 4.320-4.420 EPS.

ONE Gas Price Performance

ONE Gas stock traded up $0.10 during midday trading on Friday, hitting $75.22. The company's stock had a trading volume of 186,336 shares, compared to its average volume of 527,672. ONE Gas has a 12 month low of $66.32 and a 12 month high of $82.25. The company has a quick ratio of 0.54, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The company has a market capitalization of $4.51 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.82. The stock's 50-day moving average price is $73.12 and its 200-day moving average price is $73.82.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be given a $0.67 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.6%. ONE Gas's payout ratio is 63.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Guggenheim boosted their price target on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $77.64.

Hedge Funds Weigh In On ONE Gas

Hedge funds have recently made changes to their positions in the business. Empowered Funds LLC boosted its position in shares of ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider's stock valued at $442,000 after purchasing an additional 522 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ONE Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider's stock valued at $2,534,000 after buying an additional 1,461 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of ONE Gas by 895.0% in the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider's stock worth $226,000 after buying an additional 2,685 shares during the period. Focus Partners Wealth purchased a new position in shares of ONE Gas in the first quarter worth approximately $256,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider's stock worth $16,599,000 after acquiring an additional 34,647 shares in the last quarter. Institutional investors and hedge funds 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.