Advisors Capital Management LLC Purchases New Position in ONE Gas, Inc. $OGS

Advisors Capital Management LLC acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 7,439 shares of the utilities provider’s stock, valued at approximately $562,000.

Several other large investors also recently bought and sold shares of OGS. Nuveen LLC purchased a new stake in ONE Gas during the 1st quarter worth approximately $29,697,000. Aberdeen Group plc increased its stake in ONE Gas by 80.6% during the 1st quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider’s stock worth $35,378,000 after buying an additional 208,944 shares in the last quarter. Allianz Asset Management GmbH increased its stake in ONE Gas by 512.6% during the 1st quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider’s stock worth $14,217,000 after buying an additional 157,375 shares in the last quarter. Bank of New York Mellon Corp increased its stake in ONE Gas by 23.2% during the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock worth $59,492,000 after buying an additional 148,003 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in ONE Gas by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock worth $485,136,000 after buying an additional 147,186 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $71.00 price objective on ONE Gas and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.64.

ONE Gas Trading Down 0.3%

Shares of ONE Gas stock opened at $75.73 on Friday. The stock has a market cap of $4.54 billion, a P/E ratio of 18.07, a P/E/G ratio of 3.15 and a beta of 0.85. The stock’s 50 day simple moving average is $74.48 and its 200-day simple moving average is $74.60. ONE Gas, Inc. has a 1-year low of $66.38 and a 1-year high of $82.25. 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 released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The firm had revenue of $423.70 million for the quarter, compared to analysts’ expectations of $432.69 million. During the same period in the prior year, the firm posted $0.48 earnings per share. The firm’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 predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal 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 given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio is currently 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.