ONE Gas, Inc. $OGS Position Reduced by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in ONE Gas, Inc. (NYSE:OGS) by 67.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,211 shares of the utilities provider’s stock after selling 39,582 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in ONE Gas were worth $1,555,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ONE Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after acquiring an additional 1,461 shares in the last quarter. NewEdge Advisors LLC lifted its stake in ONE Gas by 895.0% during the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC boosted its holdings in ONE Gas by 9.8% in the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock worth $16,599,000 after purchasing an additional 34,647 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of ONE Gas in the 1st quarter worth about $5,876,000. 88.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “underperform” rating and set a $73.00 price objective on shares of ONE Gas in a research report on Wednesday, January 21st. Jefferies Financial Group increased 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. Mizuho raised their price target on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Bank of America upped their price objective on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.57.

ONE Gas Stock Up 0.5%

OGS opened at $79.48 on Friday. The stock’s 50 day moving average price is $78.58 and its 200 day moving average price is $78.00. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. The stock has a market cap of $4.77 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.53 and a beta of 0.81. ONE Gas, Inc. has a 12 month low of $68.58 and a 12 month high of $83.96.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company 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 posted $0.34 earnings per share. The company’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, research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a dividend of $0.68 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s payout ratio is presently 62.47%.

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.