Jupiter Asset Management Ltd. Increases Stake in ONE Gas, Inc. $OGS

Jupiter Asset Management Ltd. boosted its stake in ONE Gas, Inc. (NYSE:OGS) by 469.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,830 shares of the utilities provider’s stock after buying an additional 59,218 shares during the period. Jupiter Asset Management Ltd. owned 0.12% of ONE Gas worth $5,162,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Louisiana State Employees Retirement System grew its holdings in shares of ONE Gas by 1.3% during the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider’s stock worth $1,202,000 after acquiring an additional 200 shares during the period. CWM LLC boosted its position in shares of ONE Gas by 14.7% during the first quarter. CWM LLC now owns 2,478 shares of the utilities provider’s stock valued at $187,000 after purchasing an additional 317 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of ONE Gas by 4.3% during the first quarter. Victory Capital Management Inc. now owns 675,506 shares of the utilities provider’s stock valued at $51,061,000 after purchasing an additional 27,548 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new stake in ONE Gas in the first quarter worth $4,598,000. Finally, Diversify Advisory Services LLC bought a new position in ONE Gas in the first quarter worth $226,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

Shares of OGS stock opened at $82.07 on Friday. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $83.39. The company’s 50-day moving average is $79.62 and its 200 day moving average is $76.25.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The business had revenue of $379.13 million during the quarter, compared to analysts’ expectations of $404.19 million. During the same period in the previous year, the company earned $0.34 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, November 14th. ONE Gas’s dividend payout ratio (DPR) is currently 62.47%.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of research reports. Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $77.00 to $86.00 in a report on Friday, September 26th. Jefferies Financial Group lifted their price target on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Finally, Morgan Stanley reaffirmed an “outperform” rating and set a $72.00 target price on shares of ONE Gas in a research note on Wednesday, October 22nd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.69.

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.