Engineers Gate Manager LP Acquires 25,690 Shares of ONE Gas, Inc. $OGS

Key Points

• Engineers Gate Manager LP increased its ONE Gas position by 215.1% in the second quarter, adding 25,690 shares to hold 37,634 shares valued at approximately $2.9 million. Institutional investors collectively own 88.71% of the company.
• Analyst sentiment remains positive overall, with ONE Gas holding a consensus “Moderate Buy” rating and an average price target of $89.23, above its reported share price of $77.45.
• ONE Gas beat quarterly earnings expectations, reporting $0.82 in EPS versus the $0.63 consensus estimate, while declaring a $0.68 quarterly dividend, equivalent to a 3.5% annualized yield.

Engineers Gate Manager LP grew its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 215.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,634 shares of the utilities provider's stock after purchasing an additional 25,690 shares during the quarter. Engineers Gate Manager LP owned about 0.06% of ONE Gas worth $2,900,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Triumph Capital Management raised its holdings in shares of ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock valued at $27,000 after buying an additional 247 shares during the last quarter. Quarry LP grew its holdings in ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in ONE Gas by 85.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider's stock worth $34,000 after acquiring an additional 203 shares during the last quarter. Advisory Services Network LLC acquired a new stake in ONE Gas in the 3rd quarter valued at about $36,000. Finally, Caitong International Asset Management Co. Ltd increased its position in ONE Gas by 495.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider's stock valued at $43,000 after acquiring an additional 466 shares in the last quarter. Institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OGS. Wells Fargo & Company raised shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target for the company in a report on Thursday, August 6th. LADENBURG THALM/SH SH raised ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 price objective on the stock in a report on Thursday, August 13th. Capital One Financial set a $93.00 price objective on ONE Gas in a research report on Friday, June 12th. BTIG Research reissued a "buy" rating and issued a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Weiss Ratings cut 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's stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.23.

ONE Gas Stock Up 0.1%

Shares of ONE Gas stock opened at $77.45 on Monday. The business has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $82.26. The stock has a market cap of $4.87 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.13 and a beta of 0.67. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12 month low of $74.42 and a 12 month high of $90.78.

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 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 firm 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 company's quarterly 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. Research analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. ONE Gas's dividend payout ratio (DPR) is currently 58.62%.

About ONE Gas

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.