ONE Gas, Inc. $OGS Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 10.8% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 24,600 shares of the utilities provider’s stock after purchasing an additional 2,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in ONE Gas were worth $1,768,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. UMB Bank n.a. grew its stake in shares of ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider’s stock valued at $48,000 after buying an additional 257 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider’s stock valued at $61,000 after acquiring an additional 530 shares during the period. Parallel Advisors LLC grew its position in ONE Gas by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 152 shares in the last quarter. Wealth Preservation Advisors LLC purchased a new stake in ONE Gas during the first quarter worth about $76,000. Finally, GAMMA Investing LLC lifted its position in shares of ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock worth $102,000 after purchasing an additional 682 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Morgan Stanley dropped 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 research note on Thursday, September 25th. Finally, Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.06.

ONE Gas Price Performance

Shares of NYSE OGS opened at $80.37 on Monday. The stock’s 50-day simple moving average is $76.59 and its 200-day simple moving average is $75.24. The firm has a market capitalization 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 fifty-two week low of $66.38 and a fifty-two week high of $82.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52.

ONE Gas (NYSE:OGS) last issued 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. 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 revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, equities research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.3%. ONE Gas’s 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.