Linden Thomas Advisory Services LLC Has $1.07 Million Holdings in ONE Gas, Inc. $OGS

Linden Thomas Advisory Services LLC trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,925 shares of the utilities provider’s stock after selling 149 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in ONE Gas were worth $1,073,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV boosted its stake in shares of ONE Gas by 21.6% during the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 479 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of ONE Gas by 369.2% during the first quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider’s stock valued at $1,525,000 after purchasing an additional 15,873 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in shares of ONE Gas during the first quarter valued at about $562,000. GAMMA Investing LLC boosted its stake in shares of ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock valued at $102,000 after purchasing an additional 682 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of ONE Gas by 21.2% during the first quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider’s stock valued at $5,354,000 after purchasing an additional 12,392 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on OGS shares. Mizuho raised ONE Gas from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $77.00 to $86.00 in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research note on Saturday. Jefferies Financial Group lifted their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of ONE Gas in a research note on Wednesday. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.69.

ONE Gas Price Performance

Shares of OGS opened at $82.86 on Monday. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $83.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. The business’s 50 day moving average price is $77.95 and its two-hundred day moving average price is $75.76. The firm has a market cap of $4.97 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 3.28 and a beta of 0.85.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company’s revenue was up 19.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.2%. ONE Gas’s payout ratio is currently 63.96%.

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.