Energy Income Partners LLC purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,763,956 shares of the utilities provider's stock, valued at approximately $135,948,000. ONE Gas accounts for approximately 2.1% of Energy Income Partners LLC's portfolio, making the stock its 12th largest holding. Energy Income Partners LLC owned approximately 2.81% of ONE Gas as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Triumph Capital Management lifted its position in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock worth $27,000 after purchasing an additional 247 shares during the last quarter. Garner Asset Management Corp acquired a new stake in ONE Gas in the 4th quarter valued at approximately $29,000. Torren Management LLC acquired a new stake in ONE Gas in the 4th quarter valued at approximately $31,000. Quarry LP increased its position in ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock worth $32,000 after buying an additional 267 shares during the period. Finally, Advisory Services Network LLC bought a new position in ONE Gas in the 3rd quarter worth approximately $36,000. 88.71% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on OGS. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday, June 12th. BTIG Research restated a "buy" rating and issued a $96.00 price target on shares of ONE Gas in a research report on Thursday, July 23rd. Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective on the stock in a report on Thursday, August 6th. Finally, Morgan Stanley upped their price objective on shares of ONE Gas from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $89.14.
Read Our Latest Analysis on ONE Gas
ONE Gas Stock Performance
Shares of NYSE:OGS opened at $81.14 on Wednesday. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The business's fifty day moving average price is $78.63 and its two-hundred day moving average price is $82.68. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. ONE Gas, Inc. has a fifty-two week low of $74.00 and a fifty-two week high of $90.78.
ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.
ONE Gas Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas's dividend payout ratio (DPR) is currently 58.62%.
ONE Gas Profile
(
Free Report)
ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.
The company's service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.
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