ONE Gas (NYSE:OGS) Sets New 52-Week High – Here’s What Happened

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OGS. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Bank of America increased their price objective on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. UBS Group reduced their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Morgan Stanley set a $79.00 price target on ONE Gas in a report on Friday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.43.

ONE Gas Stock Up 0.9%

The business’s 50-day simple moving average is $79.75 and its 200-day simple moving average is $79.24. The company has a market capitalization of $5.41 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 2.23 and a beta of 0.81. 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 issued its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.06. The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The firm’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is 62.24%.

Institutional Trading of ONE Gas

Hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp boosted its stake in shares of ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares in the last quarter. Parallel Advisors LLC grew its holdings in ONE Gas by 16.3% in the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 141 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after buying an additional 161 shares in the last quarter. Captrust Financial Advisors raised its stake in shares of ONE Gas by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after buying an additional 164 shares during the period. Finally, WINTON GROUP Ltd grew its stake in ONE Gas by 1.1% in the 4th quarter. WINTON GROUP Ltd now owns 15,536 shares of the utilities provider’s stock valued at $1,200,000 after acquiring an additional 165 shares during the period. 88.71% of the stock is 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.