ONE Gas, Inc. $OGS Stock Position Decreased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. decreased its position in ONE Gas, Inc. (NYSE:OGS) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,176 shares of the utilities provider’s stock after selling 351 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in ONE Gas were worth $1,522,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 acquiring an additional 227 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of ONE Gas by 20.1% during the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 152 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of ONE Gas during the 1st quarter valued at $76,000. Farther Finance Advisors LLC raised its holdings in shares of ONE Gas by 34.8% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,080 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 682 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on OGS. Morgan Stanley reissued an “outperform” rating and set a $72.00 target price on shares of ONE Gas in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Jefferies Financial Group increased their price objective on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Finally, Mizuho raised ONE Gas from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.69.

ONE Gas Stock Up 0.4%

OGS stock opened at $80.85 on Friday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 3.19 and a beta of 0.85. The company has a 50-day moving average of $78.52 and a two-hundred day moving average of $75.97. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $83.39. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business 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 firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

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