ONE Gas, Inc. $OGS Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its position in ONE Gas, Inc. (NYSE:OGS) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,803 shares of the utilities provider’s stock after purchasing an additional 644 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ONE Gas were worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Bayforest Capital Ltd bought a new stake in ONE Gas during the second quarter worth approximately $580,000. Boston Trust Walden Corp raised its holdings in shares of ONE Gas by 1.7% during the 2nd quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock valued at $76,952,000 after purchasing an additional 18,180 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in ONE Gas in the 2nd quarter worth $496,000. Yousif Capital Management LLC increased its holdings in shares of ONE Gas by 3.9% during the 2nd quarter. Yousif Capital Management LLC now owns 20,066 shares of the utilities provider’s stock worth $1,442,000 after purchasing an additional 755 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of ONE Gas by 12.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,726 shares of the utilities provider’s stock worth $627,000 after purchasing an additional 965 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $82.86 on Friday. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $83.27. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The company has a 50-day simple moving average of $77.95 and a two-hundred day simple moving average of $75.74. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 19.78, a price-to-earnings-growth ratio of 3.43 and a beta of 0.85.

ONE Gas (NYSE:OGS) last released its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The firm had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same period last year, the firm earned $0.48 EPS. The business’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. Analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. ONE Gas’s payout ratio is 63.96%.

Analysts Set New Price Targets

OGS has been the topic of a number of recent analyst reports. Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a report on Saturday. Morgan Stanley reissued an “outperform” rating and set a $72.00 price objective on shares of ONE Gas in a research report on Wednesday. Finally, Jefferies Financial Group raised their target price on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Moderate Buy” and an average price target of $80.69.

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.