MidFirst Bank Takes $1.43 Million Position in ONE Gas, Inc. $OGS

Key Points

• MidFirst Bank acquired 18,506 shares of ONE Gas during the second quarter, establishing a position worth approximately $1.43 million. Institutional investors collectively own 88.71% of the company.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 in EPS versus the $0.63 consensus estimate, while revenue reached $411.64 million. However, revenue declined 2.8% year over year.
• The company declared a quarterly dividend of $0.68 per share, equivalent to a 3.4% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $89.14, above the reported share price of $79.96.

MidFirst Bank acquired a new position in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,506 shares of the utilities provider's stock, valued at approximately $1,426,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Triumph Capital Management raised its position 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 during the period. Garner Asset Management Corp purchased a new position in shares of ONE Gas during the fourth quarter worth $29,000. Torren Management LLC purchased a new position in shares of ONE Gas during the fourth quarter worth $31,000. Quarry LP boosted its position in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider's stock worth $32,000 after buying an additional 267 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of ONE Gas by 85.3% in the fourth 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. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

NYSE:OGS opened at $79.96 on Tuesday. The company has a fifty day simple moving average of $78.52 and a two-hundred day simple moving average of $82.66. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. 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 52 week low of $73.91 and a 52 week high of $90.78.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.19. The business had revenue of $411.64 million for 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 company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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

Wall Street Analysts Forecast Growth

OGS has been the topic of several research analyst reports. 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 report on Thursday, August 6th. LADENBURG THALM/SH SH upgraded ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price for the company in a report on Thursday, August 13th. Morgan Stanley lifted their target price on ONE Gas from $80.00 to $81.00 and gave the company an "equal weight" rating in a research report on Friday, July 17th. BTIG Research reiterated a "buy" rating and set a $96.00 price target on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, ONE Gas currently has a consensus rating of "Moderate Buy" and an average price target of $89.14.

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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