Swiss National Bank Has $8.22 Million Holdings in ONE Gas, Inc. $OGS

Swiss National Bank raised its position in shares of ONE Gas, Inc. (NYSE:OGS) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,413 shares of the utilities provider’s stock after buying an additional 4,600 shares during the quarter. Swiss National Bank owned 0.19% of ONE Gas worth $8,222,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in OGS. Avalon Trust Co purchased a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $51,000. UMB Bank n.a. grew its position in ONE Gas by 36.1% during the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 227 shares in the last quarter. Hantz Financial Services Inc. raised its stake in ONE Gas by 5,362.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 858 shares during the period. Parallel Advisors LLC lifted its holdings in shares of ONE Gas by 20.1% in the second quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider’s stock valued at $65,000 after purchasing an additional 152 shares in the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in shares of ONE Gas in the first quarter worth $76,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on OGS shares. UBS Group raised ONE Gas from a “sell” rating to a “neutral” rating and upped their price target for the company from $66.00 to $86.00 in a research report on Tuesday, November 18th. Mizuho lifted 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. Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. 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. Finally, Jefferies Financial Group upped their price objective on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ONE Gas presently has an average rating of “Hold” and an average target price of $81.72.

ONE Gas Stock Up 0.3%

Shares of ONE Gas stock opened at $83.74 on Friday. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 3.10 and a beta of 0.85. The stock has a 50-day simple moving average of $81.16 and a 200-day simple moving average of $76.57. ONE Gas, Inc. has a 52-week low of $66.38 and a 52-week high of $83.96. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $379.13 million for 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 revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, equities research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, November 14th. ONE Gas’s dividend payout ratio (DPR) is 62.47%.

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.