Coldstream Capital Management Inc. Boosts Holdings in ONE Gas, Inc. $OGS

Coldstream Capital Management Inc. increased its position in ONE Gas, Inc. (NYSE:OGS) by 288.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,223 shares of the utilities provider’s stock after purchasing an additional 3,137 shares during the quarter. Coldstream Capital Management Inc.’s holdings in ONE Gas were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC acquired a new position in ONE Gas in the 1st quarter worth $29,697,000. Aberdeen Group plc lifted its stake in shares of ONE Gas by 80.6% in the first quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider’s stock worth $35,378,000 after acquiring an additional 208,944 shares in the last quarter. Vanguard Group Inc. boosted its holdings in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock valued at $485,136,000 after purchasing an additional 147,186 shares during the last quarter. Geode Capital Management LLC grew its stake in ONE Gas by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock valued at $106,290,000 after purchasing an additional 84,296 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in ONE Gas during the 1st quarter worth approximately $5,876,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Mizuho increased their target price on ONE Gas from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Jefferies Financial Group upped their price target on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Morgan Stanley reissued an “underperform” rating and set a $75.00 price objective on shares of ONE Gas in a report on Thursday, November 20th. UBS Group upgraded shares of ONE Gas from a “sell” rating to a “neutral” rating and upped their target price for the company from $66.00 to $86.00 in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ONE Gas has an average rating of “Hold” and an average target price of $81.72.

ONE Gas Stock Up 0.3%

Shares of NYSE:OGS opened at $83.74 on Friday. The company’s fifty day moving average is $81.16 and its two-hundred day moving average is $76.55. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. ONE Gas, Inc. has a 1-year low of $66.38 and a 1-year high of $83.96. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.09 and a beta of 0.85.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 EPS for the quarter, meeting the consensus estimate of $0.44. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. Equities analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, November 14th. ONE Gas’s dividend payout ratio is presently 62.47%.

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.