ONE Gas (NYSE:OGS) Sets New 1-Year High – Time to Buy?

ONE Gas, Inc. (NYSE:OGS)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $90.00 and last traded at $89.4070, with a volume of 358177 shares traded. The stock had previously closed at $88.55.

Analyst Ratings Changes

OGS has been the subject of several recent analyst reports. Stifel Nicolaus lifted their target price on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Morgan Stanley set a $79.00 target price on shares of ONE Gas in a research note on Friday, February 20th. UBS Group lowered their target price on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five 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 MarketBeat, ONE Gas has a consensus rating of “Hold” and a consensus target price of $86.88.

ONE Gas Price Performance

The company’s 50 day moving average price is $85.25 and its 200-day moving average price is $81.66. The company has a market capitalization of $5.61 billion, a PE ratio of 20.46, a PEG ratio of 2.31 and a beta of 0.75. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period in the previous year, the company earned $1.34 EPS. The business’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. On average, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.0%. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is presently 62.24%.

Insiders Place Their Bets

In related news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.38% of the company’s stock.

Institutional Trading of ONE Gas

A number of institutional investors have recently added to or reduced their stakes in OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ONE Gas by 4.6% during 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 purchasing an additional 1,461 shares during the period. NewEdge Advisors LLC boosted its position in ONE Gas by 895.0% during the 1st 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 period. Empowered Funds LLC boosted its position in ONE Gas by 9.8% during the 1st 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 position in ONE Gas by 18.7% during the 1st 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 purchased a new stake in ONE Gas during the 1st quarter worth $5,876,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

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.