ONE Gas (NYSE:OGS) Sets New 1-Year High at $92.82

ONE Gas Inc (NYSE:OGS) reached a new 52-week high during trading on Wednesday . The stock traded as high as $92.82 and last traded at $92.68, with a volume of 3489 shares changing hands. The stock had previously closed at $91.70.

The company has a market capitalization of $4.79 billion, a P/E ratio of 28.48, a price-to-earnings-growth ratio of 4.50 and a beta of 0.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.78. The company’s fifty day moving average is $90.99.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, July 29th. The utilities provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $290.56 million during the quarter, compared to the consensus estimate of $294.20 million. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. During the same quarter in the prior year, the firm posted $0.39 EPS. As a group, equities analysts expect that ONE Gas Inc will post 3.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 9th. ONE Gas’s dividend payout ratio is 61.54%.

Institutional investors have recently made changes to their positions in the business. Alpha Windward LLC acquired a new stake in shares of ONE Gas during the second quarter valued at about $26,000. First Trust Advisors LP boosted its stake in shares of ONE Gas by 18.5% during the second quarter. First Trust Advisors LP now owns 399,165 shares of the utilities provider’s stock valued at $36,045,000 after purchasing an additional 62,447 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of ONE Gas by 3.8% during the second quarter. Janney Montgomery Scott LLC now owns 3,211 shares of the utilities provider’s stock valued at $290,000 after purchasing an additional 117 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its stake in shares of ONE Gas by 7.5% during the second quarter. Osborn Williams & Donohoe LLC now owns 15,820 shares of the utilities provider’s stock valued at $1,429,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of ONE Gas during the second quarter valued at about $31,000. 75.91% of the stock is owned by institutional investors and hedge funds.

About ONE Gas (NYSE:OGS)

ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.

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