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

ONE Gas, Inc. (NYSE:OGS) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $87.88 and last traded at $87.81, with a volume of 127319 shares trading hands. The stock had previously closed at $87.26.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Morgan Stanley set a $79.00 price objective on ONE Gas in a research note on Friday, February 20th. Mizuho boosted their target price on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Bank of America raised their price objective on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. UBS Group dropped their price target 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, Stifel Nicolaus raised their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.88.

ONE Gas Trading Up 0.5%

The firm has a 50-day moving average of $80.80 and a 200 day moving average of $79.70. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 2.28 and a beta of 0.80.

ONE Gas (NYSE:OGS) last released its quarterly 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 company had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The firm 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 $0.68 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.1%. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is presently 62.24%.

Insider Transactions at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas 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 transaction, the insider directly owned 2,246 shares in the company, valued at $194,144.24. The trade was a 30.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.38% of the company’s stock.

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new stake in ONE Gas during the 4th quarter worth about $25,000. Triumph Capital Management lifted its holdings in shares of ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of ONE Gas in the fourth quarter valued at $29,000. Torren Management LLC acquired a new stake in shares of ONE Gas in the fourth quarter worth $31,000. Finally, Quarry LP grew its holdings in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after buying an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

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.