ONE Gas (NYSE:OGS) Sets New 1-Year High – Time to Buy?

ONE Gas, Inc. (NYSE:OGS) shares hit a new 52-week high on Wednesday . The company traded as high as $90.00 and last traded at $89.4070, with a volume of 358177 shares changing hands. The stock had previously closed at $88.55.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target 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. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Stifel Nicolaus lifted their price target on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Finally, Morgan Stanley set a $79.00 price target on shares of ONE Gas in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.88.

ONE Gas Stock Performance

The stock’s 50-day moving average price is $85.25 and its 200-day moving average price is $81.66. 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 company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 2.31 and a beta of 0.75.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same period last year, the firm earned $1.34 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were given a dividend of $0.68 per share. The ex-dividend date was Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.0%. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s payout ratio is presently 62.24%.

Insider Activity

In related news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of 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 document filed with the SEC, which is available at this hyperlink. 1.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $25,000. Triumph Capital Management raised its position in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the last quarter. Garner Asset Management Corp acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $29,000. Torren Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $31,000. Finally, Quarry LP raised its position in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

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.