Hennessy Advisors Inc. Has $6.52 Million Position in ONE Gas, Inc. $OGS

Hennessy Advisors Inc. grew its holdings in ONE Gas, Inc. (NYSE:OGS) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,675 shares of the utilities provider’s stock after purchasing an additional 2,100 shares during the quarter. Hennessy Advisors Inc. owned about 0.15% of ONE Gas worth $6,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Ausbil Investment Management Ltd bought a new stake in ONE Gas in the second quarter worth approximately $3,615,000. Farther Finance Advisors LLC increased its stake 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 valued at $78,000 after acquiring an additional 279 shares in the last quarter. UMB Bank n.a. lifted its position in shares of ONE Gas by 36.1% during the 2nd quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 227 shares during the period. Financiere des Professionnels Fonds d investissement inc. bought a new position in ONE Gas during the second quarter worth $153,000. Finally, Miller Howard Investments Inc. NY grew its holdings in ONE Gas by 5.7% in the second quarter. Miller Howard Investments Inc. NY now owns 11,799 shares of the utilities provider’s stock worth $848,000 after purchasing an additional 634 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OGS. Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $86.00 in a report on Friday, September 26th. Morgan Stanley decreased their target price on ONE Gas from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a research note on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $78.06.

ONE Gas Stock Up 0.4%

Shares of NYSE OGS opened at $79.68 on Friday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.02, a P/E/G ratio of 3.30 and a beta of 0.85. The company has a 50-day moving average price of $75.81 and a 200-day moving average price of $74.99. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The company had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same quarter in the prior year, the business posted $0.48 EPS. The firm’s revenue was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. ONE Gas’s payout ratio is presently 63.96%.

About ONE Gas

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.