ONE Gas (NYSE:OGS) Sets New 1-Year High – Here’s What Happened

ONE Gas, Inc. (NYSE:OGS)’s share price reached a new 52-week high on Friday . The company traded as high as $88.03 and last traded at $87.2510, with a volume of 24817 shares traded. The stock had previously closed at $86.89.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OGS. Morgan Stanley set a $79.00 target price on ONE Gas in a research report on Friday, February 20th. Bank of America raised their price target on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus boosted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Finally, Mizuho increased their price objective on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.88.

ONE Gas Price Performance

The stock has a 50 day moving average of $82.25 and a 200-day moving average of $80.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. The company has a market cap of $5.48 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.28 and a beta of 0.80.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The business had revenue of $689.37 million for the quarter, compared to the consensus estimate of $990.44 million. During the same quarter in the previous year, the business earned $1.34 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a $0.68 dividend. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 20th. This represents a $2.72 annualized dividend and a yield of 3.1%. ONE Gas’s dividend payout ratio is currently 62.24%.

Insider Buying and Selling

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. The trade was a 30.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.20% of the company’s stock.

Institutional Trading of ONE Gas

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allianz Asset Management GmbH boosted its stake in shares of ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock worth $8,341,000 after buying an additional 19,522 shares during the last quarter. Rhumbline Advisers raised its position in ONE Gas by 7.9% during the second quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock valued at $15,856,000 after acquiring an additional 16,249 shares in the last quarter. Federated Hermes Inc. lifted its holdings in ONE Gas by 269.0% in the third quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock valued at $3,472,000 after acquiring an additional 31,275 shares during the period. Quantbot Technologies LP purchased a new stake in ONE Gas in the 2nd quarter worth approximately $2,542,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in ONE Gas in the 3rd quarter worth approximately $1,925,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Company Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.