Ameritas Investment Partners Inc. Has $2.13 Million Position in ONE Gas, Inc. $OGS

Ameritas Investment Partners Inc. boosted its position in ONE Gas, Inc. (NYSE:OGS) by 4.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,584 shares of the utilities provider’s stock after purchasing an additional 1,253 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in ONE Gas were worth $2,126,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of ONE Gas by 2.3% during the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock worth $485,136,000 after buying an additional 147,186 shares in the last quarter. Wellington Management Group LLP increased its position in ONE Gas by 1.0% during the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock worth $256,849,000 after acquiring an additional 33,210 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in ONE Gas by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock worth $162,645,000 after purchasing an additional 26,742 shares in the last quarter. Geode Capital Management LLC boosted its holdings in ONE Gas by 6.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock valued at $106,290,000 after purchasing an additional 84,296 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in ONE Gas by 1.7% in 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 during the period. Institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reiterated an “underperform” rating and issued a $75.00 price target on shares of ONE Gas in a research report on Thursday, November 20th. Mizuho lifted their price objective on ONE Gas from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Jefferies Financial Group raised their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, UBS Group raised ONE Gas from a “sell” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $86.00 in a research note on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus price target of $81.72.

ONE Gas Stock Performance

ONE Gas stock opened at $82.98 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.98 billion, a PE ratio of 19.34, a P/E/G ratio of 3.06 and a beta of 0.85. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $83.62. The business’s 50-day moving average price is $80.67 and its two-hundred day moving average price is $76.39.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The firm had revenue of $379.13 million during the quarter, compared to analysts’ expectations of $404.19 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be paid a $0.67 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.68 annualized dividend and a yield of 3.2%. ONE Gas’s dividend payout ratio is presently 62.47%.

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.