ONE Gas (NYSE:OGS) Hits New 12-Month High – Here’s What Happened

ONE Gas, Inc. (NYSE:OGS) shares reached a new 52-week high on Thursday . The company traded as high as $88.20 and last traded at $88.1480, with a volume of 79357 shares. The stock had previously closed at $86.56.

Wall Street Analyst Weigh In

OGS has been the topic of several recent research reports. Bank of America boosted their target price on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Mizuho boosted their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. UBS Group dropped their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Finally, Stifel Nicolaus raised their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, ONE Gas has an average rating of “Hold” and an average target price of $86.88.

ONE Gas Stock Up 2.3%

The firm’s fifty day simple moving average is $84.39 and its two-hundred day simple moving average is $81.24. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 2.23 and a beta of 0.80.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. The business had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The business’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a $0.68 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, February 20th. ONE Gas’s dividend payout ratio (DPR) is presently 62.24%.

Insider Activity at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the transaction, the insider owned 2,246 shares of the company’s stock, valued at $194,144.24. This represents a 30.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently modified their holdings of OGS. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter worth about $25,000. Triumph Capital Management raised its stake in shares of ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in shares of ONE Gas in the 4th quarter worth approximately $29,000. Torren Management LLC purchased a new position in shares of ONE Gas during the 4th quarter worth approximately $31,000. Finally, Quarry LP boosted its position in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares during the period. 88.71% of the stock is owned by institutional investors and hedge funds.

About ONE Gas

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.