ONE Gas, Inc. $OGS Shares Bought by Inspire Investing LLC

Inspire Investing LLC raised its position in ONE Gas, Inc. (NYSE:OGS) by 22.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,675 shares of the utilities provider’s stock after acquiring an additional 1,058 shares during the period. Inspire Investing LLC’s holdings in ONE Gas were worth $408,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in OGS. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ONE Gas by 11.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,887 shares of the utilities provider’s stock valued at $269,000 after purchasing an additional 394 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 257 shares in the last quarter. Farther Finance Advisors LLC increased its holdings 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 valued at $61,000 after purchasing an additional 530 shares in the last quarter. GAMMA Investing LLC increased its holdings 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 valued at $102,000 after purchasing an additional 682 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of ONE Gas in the 1st quarter valued at about $780,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley cut their price target 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, September 25th. Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and increased their price target for the company from $77.00 to $86.00 in a report on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.06.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $80.37 on Monday. The company has a market cap of $4.82 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month 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. The company has a 50-day simple moving average of $76.59 and a 200-day simple moving average of $75.24.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The business had revenue of $423.70 million during the quarter, compared to the consensus estimate 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 firm posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s payout ratio is 63.96%.

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.