Y Intercept Hong Kong Ltd Acquires Shares of 13,077 ONE Gas, Inc. $OGS

Y Intercept Hong Kong Ltd acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 13,077 shares of the utilities provider’s stock, valued at approximately $940,000.

Several other large investors also recently bought and sold shares of OGS. Diversified Trust Co lifted its position in ONE Gas by 1.4% during the second quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider’s stock worth $766,000 after buying an additional 151 shares in the last quarter. Parallel Advisors LLC lifted its position in ONE Gas by 20.1% during the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock worth $65,000 after buying an additional 152 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in ONE Gas by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider’s stock worth $1,202,000 after buying an additional 200 shares in the last quarter. State of Michigan Retirement System lifted its position in ONE Gas by 1.5% during the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider’s stock worth $1,028,000 after buying an additional 200 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in ONE Gas by 36.1% during the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after buying an additional 227 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on OGS shares. Morgan Stanley reiterated an “outperform” rating and issued a $72.00 price objective on shares of ONE Gas in a research report on Wednesday, October 22nd. Jefferies Financial Group increased their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Finally, Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $77.00 to $86.00 in a research note on Friday, September 26th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and an average target price of $80.69.

ONE Gas Stock Up 0.5%

OGS opened at $81.93 on Wednesday. The business’s 50-day simple moving average is $78.84 and its 200-day simple moving average is $76.05. 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, Inc. has a one year low of $66.38 and a one year high of $83.39. The stock has a market capitalization of $4.92 billion, a P/E ratio of 19.10, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $379.13 million during the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.76%.The firm’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be issued a $0.67 dividend. The ex-dividend date is Friday, November 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is currently 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.