Ieq Capital LLC Acquires Shares of 44,473 ONE Gas, Inc. $OGS

Ieq Capital LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 44,473 shares of the utilities provider's stock, valued at approximately $3,428,000. Ieq Capital LLC owned approximately 0.07% of ONE Gas as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Amundi raised 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 worth $1,733,000 after purchasing an additional 13,174 shares during the period. M&T Bank Corp grew its position in ONE Gas by 556.0% during the fourth quarter. M&T Bank Corp now owns 46,459 shares of the utilities provider's stock valued at $3,589,000 after buying an additional 39,377 shares during the period. Energy Income Partners LLC purchased a new stake in ONE Gas during the second quarter worth about $135,948,000. Fifth Third Bancorp increased its holdings in ONE Gas by 2,807.9% during 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 last quarter. Finally, ExodusPoint Capital Management LP raised its position 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 acquiring an additional 159,934 shares during the period. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OGS. BTIG Research reissued a "buy" rating and set a $96.00 target price on shares of ONE Gas in a research report on Thursday, July 23rd. Wells Fargo & Company upgraded ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective on the stock in a research note on Thursday, August 6th. Weiss Ratings lowered ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Truist Financial decreased their target price on ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. Finally, Wolfe Research assumed coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a "peer perform" rating on the stock. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, ONE Gas currently has an average rating of "Moderate Buy" and an average price target of $89.23.

ONE Gas Stock Up 1.9%

ONE Gas stock opened at $80.31 on Tuesday. The firm has a 50 day simple moving average of $78.90 and a 200 day simple moving average of $82.70. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 1-year low of $74.06 and a 1-year high of $90.78. The firm has a market capitalization of $5.05 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts predict that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Announces Dividend

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