FY2024 EPS Estimates for ONE Gas Increased by Zacks Research

ONE Gas, Inc. (NYSE:OGS) – Equities researchers at Zacks Research raised their FY2024 earnings per share estimates for ONE Gas in a note issued to investors on Monday, November 25th. Zacks Research analyst R. Department now expects that the utilities provider will earn $3.86 per share for the year, up from their previous forecast of $3.84. The consensus estimate for ONE Gas’ current full-year earnings is $3.88 per share. Zacks Research also issued estimates for ONE Gas’ Q1 2025 earnings at $1.82 EPS, Q4 2025 earnings at $1.31 EPS, Q1 2026 earnings at $1.87 EPS, Q2 2026 earnings at $0.64 EPS and Q3 2026 earnings at $0.60 EPS.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.05). ONE Gas had a net margin of 10.52% and a return on equity of 7.71%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $287.48 million. During the same quarter last year, the company posted $0.45 EPS. The firm’s revenue was up 1.4% on a year-over-year basis.

Other research analysts have also issued research reports about the stock. Morgan Stanley upped their price target on shares of ONE Gas from $63.00 to $69.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. StockNews.com downgraded ONE Gas from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company dropped their price target on ONE Gas from $82.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, ONE Gas currently has an average rating of “Hold” and a consensus target price of $68.10.

ONE Gas Price Performance

Shares of OGS opened at $77.59 on Thursday. The company’s 50-day moving average is $73.93 and its 200-day moving average is $68.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.50 and a quick ratio of 0.37. The firm has a market capitalization of $4.40 billion, a PE ratio of 20.21 and a beta of 0.67. ONE Gas has a fifty-two week low of $55.50 and a fifty-two week high of $78.89.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Tuesday, November 19th will be issued a dividend of $0.66 per share. The ex-dividend date is Tuesday, November 19th. This represents a $2.64 annualized dividend and a dividend yield of 3.40%. ONE Gas’s dividend payout ratio is presently 68.75%.

Institutional Investors Weigh In On ONE Gas

Several institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in ONE Gas by 6.3% in the 2nd quarter. American Century Companies Inc. now owns 4,598,114 shares of the utilities provider’s stock valued at $293,590,000 after acquiring an additional 272,923 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of ONE Gas by 22.9% in the 3rd quarter. Wellington Management Group LLP now owns 3,470,618 shares of the utilities provider’s stock valued at $258,283,000 after purchasing an additional 645,566 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of ONE Gas by 0.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,470,218 shares of the utilities provider’s stock valued at $93,873,000 after purchasing an additional 10,189 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ONE Gas by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,354,710 shares of the utilities provider’s stock worth $100,836,000 after buying an additional 18,477 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of ONE Gas by 10.4% during the 3rd quarter. Boston Trust Walden Corp now owns 1,049,205 shares of the utilities provider’s stock worth $78,082,000 after buying an additional 98,489 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

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.