Leuthold Group LLC Purchases 951 Shares of ONE Gas, Inc. $OGS

Leuthold Group LLC lifted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 2.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,499 shares of the utilities provider’s stock after buying an additional 951 shares during the quarter. Leuthold Group LLC owned approximately 0.07% of ONE Gas worth $3,054,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its position in shares of ONE Gas by 7.5% in the second quarter. New York State Common Retirement Fund now owns 18,725 shares of the utilities provider’s stock valued at $1,346,000 after acquiring an additional 1,300 shares in the last quarter. Norges Bank purchased a new stake in shares of ONE Gas during the second quarter worth about $47,922,000. Hsbc Holdings PLC lifted its holdings in ONE Gas by 80.9% in the 2nd quarter. Hsbc Holdings PLC now owns 129,038 shares of the utilities provider’s stock worth $9,217,000 after purchasing an additional 57,690 shares in the last quarter. Inceptionr LLC bought a new position in ONE Gas in the 2nd quarter worth approximately $439,000. Finally, Elo Mutual Pension Insurance Co boosted its stake in ONE Gas by 80.0% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 18,195 shares of the utilities provider’s stock worth $1,307,000 after purchasing an additional 8,084 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Trading Up 0.3%

OGS stock opened at $83.74 on Friday. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month 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 3.10 and a beta of 0.85. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $81.16 and its two-hundred day simple moving average is $76.57.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm 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 business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on OGS. UBS Group raised shares of ONE Gas from a “sell” rating to a “neutral” rating and raised their target price for the company from $66.00 to $86.00 in a research note on Tuesday, November 18th. Jefferies Financial Group boosted their target price on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Morgan Stanley restated an “underperform” rating and set a $75.00 price target on shares of ONE Gas in a report on Thursday, November 20th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Finally, Mizuho raised their target price on shares of ONE Gas from $86.00 to $87.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average price target of $81.72.

ONE Gas Company Profile

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.