Deutsche Bank AG bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 86,798 shares of the utilities provider's stock, valued at approximately $6,690,000. Deutsche Bank AG owned 0.14% of ONE Gas as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Triumph Capital Management increased its stake in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock valued at $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas during the fourth quarter worth $29,000. Torren Management LLC purchased a new stake in ONE Gas during the fourth quarter worth $31,000. Quarry LP grew its holdings in ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 267 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in ONE Gas in the third quarter valued at $36,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
ONE Gas Stock Up 1.9%
Shares of NYSE:OGS opened at $80.31 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.17 and a beta of 0.66. The stock's 50-day moving average price is $78.90 and its two-hundred day moving average price is $82.70. ONE Gas, Inc. has a 12-month low of $74.06 and a 12-month high of $90.78.
ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $411.64 million during the quarter, compared to analysts' expectations of $410.29 million. During the same period in the previous year, the company earned $0.53 EPS. The business's quarterly revenue 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. On average, research analysts forecast that ONE Gas, Inc. will post 4.91 EPS for the current year.
ONE Gas Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 annualized dividend and a yield of 3.4%. ONE Gas's payout ratio is 58.62%.
Wall Street Analysts Forecast Growth
OGS has been the subject of several research reports. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Mizuho dropped their target price on shares of ONE Gas from $94.00 to $89.00 and set an "outperform" rating for the company in a report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price for the company in a research report on Thursday, August 13th. Wolfe Research started coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They issued a "peer perform" rating on the stock. Finally, Weiss Ratings cut shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, ONE Gas currently has a consensus rating of "Moderate Buy" and an average target price of $89.23.
Read Our Latest Stock Analysis on ONE Gas
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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