Meiji Yasuda Asset Management Co Ltd. Purchases New Position in ONE Gas, Inc. $OGS

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 108,420 shares of the utilities provider's stock, valued at approximately $8,356,000. Meiji Yasuda Asset Management Co Ltd. owned 0.17% of ONE Gas at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of ONE Gas in the 2nd quarter valued at $701,266,000. Energy Income Partners LLC acquired a new stake in shares of ONE Gas during the 2nd quarter valued at about $135,948,000. Alliancebernstein L.P. increased its stake in 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 acquiring an additional 1,490,492 shares during the period. Goldman Sachs Group Inc. raised its position in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider's stock worth $108,029,000 after purchasing an additional 380,668 shares in the last quarter. Finally, Morgan Stanley raised its position in ONE Gas by 28.2% in the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider's stock worth $76,665,000 after purchasing an additional 218,571 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Trading Up 0.4%

Shares of OGS opened at $79.11 on Monday. The stock has a fifty day moving average price of $78.84 and a two-hundred day moving average price of $82.70. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.17 and a beta of 0.66. ONE Gas, Inc. has a 52-week low of $74.06 and a 52-week high of $90.78.

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

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas's dividend payout ratio is presently 58.62%.

Analysts Set New Price Targets

OGS has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. BTIG Research restated a "buy" rating and set a $96.00 target price on shares of ONE Gas in a research report on Thursday, July 23rd. Capital One Financial set a $93.00 price target on ONE Gas in a research report on Friday, June 12th. Weiss Ratings lowered ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Finally, Truist Financial reduced their target price on shares of ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $89.23.

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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