Parallel Advisors LLC Purchases 152 Shares of ONE Gas, Inc. $OGS

Parallel Advisors LLC increased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 20.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 910 shares of the utilities provider’s stock after buying an additional 152 shares during the period. Parallel Advisors LLC’s holdings in ONE Gas were worth $65,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in OGS. UMB Bank n.a. increased its stake in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after purchasing an additional 530 shares during the period. Wealth Preservation Advisors LLC acquired a new position in ONE Gas during the first quarter worth approximately $76,000. GAMMA Investing LLC raised its stake in ONE Gas by 102.7% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock valued at $102,000 after buying an additional 682 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ONE Gas in the first quarter valued at approximately $111,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reduced their target price on ONE Gas from $71.00 to $66.00 and set an “equal weight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $76.93.

ONE Gas Stock Performance

NYSE:OGS opened at $77.62 on Friday. The stock has a 50 day simple moving average of $75.05 and a 200 day simple moving average of $74.71. The stock has a market cap of $4.66 billion, a P/E ratio of 18.52, a PEG ratio of 3.24 and a beta of 0.85. ONE Gas, Inc. has a 1-year low of $66.38 and a 1-year high of $82.25. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

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. 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 quarter last year, the business earned $0.48 EPS. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 yield of 3.5%. ONE Gas’s payout ratio is 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.