58,085 Shares in ONE Gas, Inc. $OGS Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company purchased 58,085 shares of ONE Gas in the second quarter, valued at approximately $4.48 million. Institutional investors collectively own 88.71% of the company.
• Analysts maintain a “Moderate Buy” consensus on ONE Gas, with six Buy and six Hold ratings and an average price target of $89.23.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus, while revenue declined 2.8% year over year. The company also pays a $0.68 quarterly dividend, representing a 3.4% yield.

The Manufacturers Life Insurance Company purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 58,085 shares of the utilities provider's stock, valued at approximately $4,477,000. The Manufacturers Life Insurance Company owned approximately 0.09% of ONE Gas as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Amundi boosted its stake in shares of ONE Gas by 189.7% during the 1st quarter. Amundi now owns 20,117 shares of the utilities provider's stock valued at $1,733,000 after purchasing an additional 13,174 shares in the last quarter. Energy Income Partners LLC bought a new position in ONE Gas in the second quarter worth about $135,948,000. BlackRock Inc. bought a new position in ONE Gas in the second quarter worth about $701,266,000. Fifth Third Bancorp lifted its holdings in ONE Gas by 2,807.9% in the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider's stock worth $1,753,000 after buying an additional 19,655 shares during the period. Finally, ExodusPoint Capital Management LP lifted its holdings in ONE Gas by 314.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider's stock worth $16,286,000 after buying an additional 159,934 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on OGS shares. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Wolfe Research initiated coverage on ONE Gas in a research report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Wells Fargo & Company raised ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research note on Thursday, August 6th. Finally, Truist Financial decreased their price objective on ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a report on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $89.23.

ONE Gas Price Performance

Shares of OGS opened at $79.30 on Tuesday. ONE Gas, Inc. has a fifty-two week low of $74.06 and a fifty-two week high of $90.78. The firm's 50-day simple moving average is $79.25 and its two-hundred day simple moving average is $82.62. The stock has a market cap of $4.98 billion, a PE ratio of 17.09, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48.

ONE Gas (NYSE:OGS - Get Free Report) last released its 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 net margin of 12.47% and a return on equity of 8.81%. The firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same period last year, the business earned $0.53 earnings per share. The business's revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas's payout ratio is 58.62%.

ONE Gas Profile

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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