ONE Gas (NYSE:OGS) Issues FY 2025 Earnings Guidance

Key Points

• ONE Gas has updated its FY 2025 earnings guidance, projecting earnings per share between $4.320 and $4.420, which exceeds the consensus estimate of $4.294.
• The company recently declared a quarterly dividend of $0.67 per share, translating to an annualized dividend of $2.68 and a yield of 3.7%.
• Several research firms have upgraded their ratings for ONE Gas, with Jefferies Financial Group increasing the price target from $76.00 to $84.00 and changing their rating from "hold" to "buy."

ONE Gas (NYSE:OGS - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.320-4.420 for the period, compared to the consensus estimate of 4.294. The company issued revenue guidance of -.

ONE Gas Price Performance

Shares of NYSE OGS traded up $0.27 during midday trading on Friday, reaching $75.39. 111,042 shares of the company traded hands, compared to its average volume of 527,192. The stock's 50-day simple moving average is $73.12 and its 200-day simple moving average is $73.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.54 and a current ratio of 0.52. ONE Gas has a 12 month low of $66.32 and a 12 month high of $82.25. The firm has a market cap of $4.52 billion, a PE ratio of 18.03, a PEG ratio of 3.09 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. The firm had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. The business's revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm posted $0.48 EPS. As a group, equities analysts anticipate that ONE Gas 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 3.6%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas's payout ratio is currently 63.96%.

Wall Street Analyst Weigh In

OGS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley reiterated an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Wells Fargo & Company increased their price target on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Guggenheim lifted their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $77.64.

Institutional Investors Weigh In On ONE Gas

A number of large investors have recently modified their holdings of OGS. NewEdge Advisors LLC increased its stake 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 valued at $226,000 after buying an additional 2,685 shares during the period. Focus Partners Wealth acquired a new stake in ONE Gas during the first quarter worth approximately $256,000. Empowered Funds LLC increased its stake 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 acquiring an additional 522 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of ONE Gas by 4.6% in the 1st 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 during the period. Finally, Jane Street Group LLC bought a new stake in shares of ONE Gas during the first quarter valued at approximately $5,876,000. 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.