ONE Gas (NYSE:OGS) Hits New 1-Year High After Better-Than-Expected Earnings

ONE Gas, Inc. (NYSE:OGS)’s stock price hit a new 52-week high during trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $86.77 and last traded at $85.79, with a volume of 428878 shares traded. The stock had previously closed at $86.04.

The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.40%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.34 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be given a dividend of $0.68 per share. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.2%. ONE Gas’s dividend payout ratio (DPR) is presently 62.47%.

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of recent research reports. UBS Group decreased their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a report on Wednesday, December 17th. Bank of America upped their price target on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Morgan Stanley set a $79.00 target price on shares of ONE Gas in a research note on Friday. Finally, Mizuho increased 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. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus price target of $86.43.

Hedge Funds Weigh In On ONE Gas

Institutional investors have recently modified their holdings of the stock. Mackenzie Financial Corp boosted its holdings in shares of ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after buying an additional 125 shares in the last quarter. Parallel Advisors LLC grew its holdings in ONE Gas by 16.3% in the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 141 shares during the period. EverSource Wealth Advisors LLC increased its stake in ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 161 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of ONE Gas by 0.4% during the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after purchasing an additional 164 shares during the period. Finally, WINTON GROUP Ltd boosted its position in shares of ONE Gas by 1.1% during the 4th quarter. WINTON GROUP Ltd now owns 15,536 shares of the utilities provider’s stock worth $1,200,000 after purchasing an additional 165 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Down 0.0%

The company has a market cap of $5.13 billion, a P/E ratio of 19.57, a PEG ratio of 2.20 and a beta of 0.81. The stock’s 50-day moving average price is $79.58 and its 200-day moving average price is $79.08. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74.

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.