ONE Gas (NYSE:OGS) Sets New 12-Month High – What’s Next?

ONE Gas, Inc. (NYSE:OGS)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $86.79 and last traded at $86.2630, with a volume of 332450 shares trading hands. The stock had previously closed at $85.52.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stifel Nicolaus upped their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday. Bank of America lifted their target price on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Morgan Stanley set a $79.00 price target on shares of ONE Gas in a report on Friday, February 20th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 5th. Finally, Mizuho lifted their price objective on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $86.88.

ONE Gas Trading Up 0.5%

The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68. The business’s fifty day moving average is $80.06 and its 200 day moving average is $79.36. The stock has a market cap of $5.38 billion, a PE ratio of 19.63, a P/E/G ratio of 2.23 and a beta of 0.81.

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

ONE Gas Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. ONE Gas’s dividend payout ratio (DPR) is presently 62.24%.

Insiders Place Their Bets

In other news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the transaction, the insider owned 2,246 shares in the company, valued at $194,144.24. This trade represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

Institutional Investors Weigh In On ONE Gas

Several institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after acquiring an additional 202,189 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of ONE Gas by 6.9% during the 3rd quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock worth $138,229,000 after purchasing an additional 110,305 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 buying an additional 84,296 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in ONE Gas by 37.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after buying an additional 380,668 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock worth $85,263,000 after buying an additional 55,507 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

About ONE Gas

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.