Boston Trust Walden Corp Lowers Stock Position in ONE Gas, Inc. $OGS

Boston Trust Walden Corp lessened its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,048,225 shares of the utilities provider’s stock after selling 22,633 shares during the period. Boston Trust Walden Corp’s holdings in ONE Gas were worth $84,843,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of OGS. Diversified Trust Co lifted its position in ONE Gas by 1.4% during the 2nd quarter. Diversified Trust Co now owns 10,660 shares of the utilities provider’s stock valued at $766,000 after acquiring an additional 151 shares during the period. Parallel Advisors LLC increased its stake in shares of ONE Gas by 20.1% during 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. Cadent Capital Advisors LLC increased its stake in shares of ONE Gas by 1.4% during the third quarter. Cadent Capital Advisors LLC now owns 15,150 shares of the utilities provider’s stock valued at $1,226,000 after purchasing an additional 203 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of ONE Gas by 36.1% during the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 227 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of ONE Gas by 34.8% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,080 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 279 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley restated an “underperform” rating and issued a $75.00 price target on shares of ONE Gas in a research note on Thursday, November 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Mizuho lifted their price target on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. UBS Group dropped their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Bank of America increased their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ONE Gas currently has an average rating of “Hold” and a consensus target price of $85.86.

ONE Gas Stock Down 0.8%

ONE Gas stock opened at $77.71 on Monday. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $83.96. The stock has a fifty day simple moving average of $80.55 and a two-hundred day simple moving average of $77.15. The company has a current ratio of 0.47, a quick ratio of 0.33 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.66 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.67 and a beta of 0.79.

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

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a $0.67 dividend. The ex-dividend date was Friday, November 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s payout ratio is currently 62.47%.

ONE Gas 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.