Sequoia Financial Advisors LLC Invests $496,000 in ONE Gas, Inc. $OGS

Sequoia Financial Advisors LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,901 shares of the utilities provider’s stock, valued at approximately $496,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in ONE Gas by 195.6% in the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 530 shares during the last quarter. UMB Bank n.a. raised its position in ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 227 shares during the period. Parallel Advisors LLC raised its position in ONE Gas by 20.1% in the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 152 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in ONE Gas in the first quarter valued at approximately $76,000. Finally, GAMMA Investing LLC increased its position in shares of ONE Gas by 102.7% during the first 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. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on OGS. Morgan Stanley cut their price objective on 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. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Finally, Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.06.

ONE Gas Price Performance

NYSE OGS opened at $83.24 on Tuesday. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $83.27. 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 stock has a market cap of $4.99 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.40 and a beta of 0.85. The company has a 50-day moving average price of $77.45 and a two-hundred day moving average price of $75.48.

ONE Gas (NYSE:OGS) last posted its 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 during the quarter, compared to analysts’ expectations of $432.69 million. During the same quarter in the prior year, the firm earned $0.48 EPS. ONE Gas’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. Analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas’s dividend payout ratio is currently 63.96%.

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.