Farther Finance Advisors LLC Acquires 279 Shares of ONE Gas, Inc. $OGS

Farther Finance Advisors LLC lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 34.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080 shares of the utilities provider’s stock after purchasing an additional 279 shares during the period. Farther Finance Advisors LLC’s holdings in ONE Gas were worth $78,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OGS. Nuveen LLC bought a new position in shares of ONE Gas in the first quarter valued at approximately $29,697,000. Aberdeen Group plc increased its position in ONE Gas by 80.6% in the first 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 during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider’s stock worth $14,217,000 after acquiring an additional 157,375 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of ONE Gas by 23.2% in the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock worth $59,492,000 after acquiring an additional 148,003 shares during the period. Finally, Vanguard Group Inc. boosted its stake in ONE Gas by 2.3% during the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock valued at $485,136,000 after buying an additional 147,186 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE OGS opened at $79.68 on Friday. The business’s fifty day moving average price is $75.81 and its 200-day moving average price is $74.99. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 19.02, a PEG ratio of 3.30 and a beta of 0.85. 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, Inc. has a 1-year low of $66.38 and a 1-year high of $82.25.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million for the quarter, compared to analysts’ expectations of $432.69 million. During the same period last year, the firm earned $0.48 EPS. ONE Gas’s revenue for the quarter 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. On average, equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, August 18th. ONE Gas’s dividend payout ratio is presently 63.96%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OGS shares. Mizuho raised ONE Gas from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Morgan Stanley reduced their price target on ONE Gas from $71.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.06.

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.