Burk Holdings LLC Takes Position in ONE Gas, Inc. $OGS

Burk Holdings LLC acquired 3,324 shares of ONE Gas, Inc. (NYSE:OGS) valued at approximately $239,000 during the 2nd quarter. Other institutional investors also increased their stakes in ONE Gas. The stock has received mixed ratings from analysts, with a consensus target price of $81.72. ONE Gas reported $0.44 earnings per share for the recent quarter and announced a quarterly dividend of $0.67 per share. The company operates as a regulated natural gas distribution company in the U.S.

Burk Holdings LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,324 shares of the utilities provider's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Avalon Trust Co bought a new position in ONE Gas in the second quarter valued at about $51,000. UMB Bank n.a. increased its stake in shares of ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider's stock valued at $62,000 after buying an additional 227 shares during the period. Hantz Financial Services Inc. increased its stake in shares of ONE Gas by 5,362.5% in the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider's stock valued at $63,000 after buying an additional 858 shares during the period. Parallel Advisors LLC raised its holdings in ONE Gas by 20.1% in the 2nd quarter. Parallel Advisors LLC now owns 910 shares of the utilities provider's stock valued at $65,000 after buying an additional 152 shares during the last quarter. Finally, Wealth Preservation Advisors LLC acquired a new stake in ONE Gas during the 1st quarter worth approximately $76,000. Institutional investors own 88.71% of the company's stock.

Analyst Ratings Changes

OGS has been the subject of several recent research reports. Weiss Ratings restated a "buy (b-)" rating on shares of ONE Gas in a research report on Wednesday, October 8th. Morgan Stanley reiterated an "underperform" rating and set a $75.00 price target on shares of ONE Gas in a report on Thursday. UBS Group raised shares of ONE Gas from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $66.00 to $86.00 in a research note on Tuesday, November 18th. Mizuho raised their target price on ONE Gas from $86.00 to $87.00 and gave the stock an "outperform" rating in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group lifted their target price on ONE Gas from $89.00 to $99.00 and gave the stock a "buy" rating in a report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $81.72.

Get Our Latest Research Report on OGS

ONE Gas Stock Up 1.4%

Shares of NYSE OGS opened at $82.96 on Monday. The company's 50 day moving average price is $80.37 and its 200-day moving average price is $76.32. 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 52-week low of $66.38 and a 52-week high of $83.62. The company has a market capitalization of $4.98 billion, a P/E ratio of 19.34, a price-to-earnings-growth ratio of 3.07 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting analysts' consensus estimates of $0.44. The business had revenue of $379.13 million during the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. ONE Gas's quarterly revenue 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. Equities analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

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

ONE Gas Company Profile

(Free Report)

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.

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