Jupiter Topco LLC Takes Position in ONE Gas, Inc. $OGS

Key Points

• Jupiter Topco LLC bought 27,258 shares of ONE Gas during the second quarter, valued at approximately $2.1 million. Institutional investors collectively own 88.71% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $89.23, compared with the stock’s opening price of $80.51.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 in EPS versus the $0.63 consensus estimate, while maintaining a quarterly dividend of $0.68 per share, equivalent to a 3.4% annual yield.

Jupiter Topco LLC purchased a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,258 shares of the utilities provider's stock, valued at approximately $2,102,000.

Several other hedge funds and other institutional investors have also modified their holdings of OGS. Triumph Capital Management grew its stake in 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 purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in shares of ONE Gas during the 4th quarter worth about $29,000. Quarry LP raised its stake in shares of 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 purchasing an additional 267 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of ONE Gas during the 3rd quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of ONE Gas by 85.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider's stock valued at $34,000 after buying an additional 203 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OGS. Wolfe Research began coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Morgan Stanley dropped their price target on shares of ONE Gas from $86.00 to $82.00 and set an "equal weight" rating on the stock in a research note on Friday, August 21st. Weiss Ratings downgraded shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 10th. BTIG Research restated a "buy" rating and set a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd. Finally, Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $89.23.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $80.51 on Friday. The business's 50-day simple moving average is $79.37 and its 200-day simple moving average is $82.53. 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, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 17.35, a P/E/G ratio of 2.20 and a beta of 0.67.

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 for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

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

About ONE Gas

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.

Want to see what other hedge funds are holding OGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ONE Gas, Inc. (NYSE:OGS - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source