8,673 Shares in ONE Gas, Inc. $OGS Acquired by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,673 shares of the utilities provider’s stock, valued at approximately $623,000.

Several other institutional investors have also recently modified their holdings of OGS. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of ONE Gas by 437.2% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 68,843 shares of the utilities provider’s stock worth $4,947,000 after buying an additional 56,029 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of ONE Gas during the second quarter valued at approximately $307,000. Fox Run Management L.L.C. bought a new position in shares of ONE Gas in the second quarter worth approximately $544,000. Bank of New York Mellon Corp increased its stake in shares of ONE Gas by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock worth $58,547,000 after buying an additional 27,713 shares during the period. Finally, State of Michigan Retirement System raised its holdings in ONE Gas by 5.9% during the 2nd quarter. State of Michigan Retirement System now owns 14,404 shares of the utilities provider’s stock valued at $1,035,000 after buying an additional 800 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OGS has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “outperform” rating and set a $72.00 price objective on shares of ONE Gas in a research note on Wednesday, October 22nd. Mizuho raised ONE Gas from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $86.00 in a research note on Friday, September 26th. Jefferies Financial Group boosted their price objective on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONE Gas presently has an average rating of “Moderate Buy” and a consensus price target of $80.69.

ONE Gas Price Performance

NYSE OGS opened at $80.99 on Friday. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 3.24 and a beta of 0.85. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The company’s 50 day moving average is $79.73 and its two-hundred day moving average is $76.27. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $83.39.

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

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Friday, November 14th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Friday, November 14th. ONE Gas’s dividend payout ratio is 62.47%.

About ONE Gas

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.