ONE Gas (NYSE:OGS) Sets New 1-Year High – What’s Next?

Shares of ONE Gas, Inc. (NYSE:OGS) hit a new 52-week high on Friday . The stock traded as high as $88.03 and last traded at $87.2510, with a volume of 24817 shares traded. The stock had previously closed at $86.89.

Wall Street Analysts Forecast Growth

OGS has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. UBS Group decreased their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research report on Wednesday, December 17th. Morgan Stanley set a $79.00 target price on shares of ONE Gas in a research note on Friday, February 20th. Finally, Bank of America upped their price target on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Four equities research 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. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus target price of $86.88.

ONE Gas Trading Up 0.1%

The company has a 50 day simple moving average of $82.05 and a two-hundred day simple moving average of $80.21. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. The firm has a market cap of $5.45 billion, a PE ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 0.80.

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, topping the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period last year, the business posted $1.34 earnings per share. The company’s revenue for the quarter 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. Analysts expect 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 was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio (DPR) is presently 62.24%.

Insider Activity at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider owned 2,246 shares in the company, valued at $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH grew its holdings in ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock valued at $8,341,000 after purchasing an additional 19,522 shares during the period. Rhumbline Advisers raised its stake in shares of ONE Gas by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock worth $15,856,000 after buying an additional 16,249 shares during the period. Federated Hermes Inc. raised its stake in shares of ONE Gas by 269.0% during the 3rd quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock worth $3,472,000 after buying an additional 31,275 shares during the period. Quantbot Technologies LP purchased a new position in shares of ONE Gas during the 2nd quarter valued at approximately $2,542,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of ONE Gas during the 3rd quarter valued at approximately $1,925,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.