First Eagle Investment Management LLC Reduces Stock Position in ONE Gas, Inc. $OGS

First Eagle Investment Management LLC cut its position in ONE Gas, Inc. (NYSE:OGS) by 27.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,014 shares of the utilities provider’s stock after selling 38,600 shares during the period. First Eagle Investment Management LLC’s holdings in ONE Gas were worth $7,259,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. lifted its holdings in shares of ONE Gas by 36.1% during the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 227 shares during the period. Hantz Financial Services Inc. raised its position in ONE Gas by 5,362.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock worth $63,000 after buying an additional 858 shares during the last quarter. Parallel Advisors LLC lifted its stake in ONE Gas by 20.1% during the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after acquiring an additional 152 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in ONE Gas during the 1st quarter valued at approximately $76,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of ONE Gas by 34.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,080 shares of the utilities provider’s stock valued at $78,000 after acquiring an additional 279 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OGS shares. Jefferies Financial Group increased their price objective on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Morgan Stanley reaffirmed an “outperform” rating and set a $72.00 price target on shares of ONE Gas in a research report on Wednesday, October 22nd. Finally, Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONE Gas has a consensus rating of “Moderate Buy” and a consensus target price of $80.69.

ONE Gas Stock Performance

OGS opened at $82.28 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.42. The firm has a fifty day moving average price of $79.14 and a 200 day moving average price of $76.15. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $83.39. The stock has a market cap of $4.94 billion, a P/E ratio of 19.18, a P/E/G ratio of 3.22 and a beta of 0.85.

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

ONE Gas Announces Dividend

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

ONE Gas Profile

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.