Man Group plc Purchases Shares of 30,568 ONE Gas, Inc. $OGS

Key Points

• Man Group plc acquired 30,568 shares of ONE Gas during the second quarter, valued at approximately $2.36 million. Institutional investors collectively own 88.71% of the company, with several major funds also establishing or expanding positions.
• Analysts maintain a generally positive outlook, with ONE Gas carrying a consensus “Moderate Buy” rating and an average price target of $89.23, above its reported opening price of $80.30.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 consensus estimate, and pays a quarterly dividend of $0.68 per share, equivalent to a 3.4% annualized yield.

Man Group plc acquired a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,568 shares of the utilities provider's stock, valued at approximately $2,356,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of ONE Gas during the second quarter worth about $701,266,000. Energy Income Partners LLC acquired a new position in shares of ONE Gas in the second quarter valued at approximately $135,948,000. Alliancebernstein L.P. increased its holdings in shares of ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider's stock valued at $114,795,000 after purchasing an additional 1,490,492 shares during the period. Norges Bank purchased a new stake in shares of ONE Gas during the fourth quarter worth approximately $70,767,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of ONE Gas during the second quarter worth $56,308,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on OGS. Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective for the company in a research 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. Truist Financial dropped their target price on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research report on Thursday, August 13th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Finally, 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. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $89.23.

ONE Gas Stock Up 1.3%

OGS stock opened at $80.30 on Wednesday. The company has a 50 day moving average price of $79.29 and a two-hundred day moving average price of $82.60. ONE Gas, Inc. has a one year low of $74.06 and a one year high of $90.78. The stock has a market capitalization of $5.05 billion, a P/E ratio of 17.31, a PEG ratio of 2.18 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 posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.19. The company had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid 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 was Monday, August 17th. ONE Gas's dividend payout ratio (DPR) is 58.62%.

ONE Gas Company 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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