UMB Bank n.a. Purchases 227 Shares of ONE Gas, Inc. $OGS

UMB Bank n.a. raised its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 36.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 856 shares of the utilities provider’s stock after purchasing an additional 227 shares during the period. UMB Bank n.a.’s holdings in ONE Gas were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its stake in shares of ONE Gas by 195.6% in the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock worth $61,000 after buying an additional 530 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of ONE Gas by 20.1% in the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after acquiring an additional 152 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of ONE Gas during the first quarter valued at $76,000. GAMMA Investing LLC raised its position 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 worth $102,000 after purchasing an additional 682 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in ONE Gas in the 1st quarter worth about $111,000. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ONE Gas Price Performance

Shares of NYSE:OGS opened at $77.62 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 3.24 and a beta of 0.85. The business has a 50-day simple moving average of $75.05 and a two-hundred day simple moving average of $74.71. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The company’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 18th. 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.