Allianz Asset Management GmbH Has $6 Million Stock Holdings in ONE Gas, Inc. $OGS

Allianz Asset Management GmbH trimmed its stake in ONE Gas, Inc. (NYSE:OGS) by 55.6% in the second quarter, HoldingsChannel reports. The firm owned 83,528 shares of the utilities provider’s stock after selling 104,547 shares during the period. Allianz Asset Management GmbH’s holdings in ONE Gas were worth $6,002,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of OGS. Nuveen LLC acquired a new stake in ONE Gas in the first quarter worth $29,697,000. Aberdeen Group plc grew its holdings in ONE Gas by 80.6% in the first quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider’s stock worth $35,378,000 after purchasing an additional 208,944 shares during the period. Bank of New York Mellon Corp grew its holdings in ONE Gas by 23.2% in the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock worth $59,492,000 after purchasing an additional 148,003 shares during the period. Vanguard Group Inc. grew its holdings in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock worth $485,136,000 after purchasing an additional 147,186 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in ONE Gas in the first quarter worth $8,278,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Up 0.5%

OGS opened at $82.39 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The company’s 50-day moving average is $77.69 and its 200 day moving average is $75.57. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $83.27. The firm has a market capitalization of $4.94 billion, a P/E ratio of 19.66, a PEG ratio of 3.39 and a beta of 0.85.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting 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 period last year, the firm earned $0.48 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared 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. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas’s dividend payout ratio (DPR) is presently 63.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on OGS shares. Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $86.00 in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Jefferies Financial Group set a $99.00 price objective on shares of ONE Gas and gave the company a “buy” rating in a report on Wednesday. Finally, Morgan Stanley reiterated an “outperform” rating and set a $72.00 price objective on shares of ONE Gas in a report on Wednesday. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.69.

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.