Oppenheimer Asset Management Inc. Purchases New Position in ONE Gas, Inc. $OGS

Key Points

• Oppenheimer Asset Management acquired 18,141 shares of ONE Gas in the second quarter, valued at approximately $1.4 million. Institutional investors collectively own 88.71% of the company.
• ONE Gas reported quarterly EPS of $0.82, exceeding analyst expectations of $0.63, while revenue of $411.64 million was broadly in line with estimates; revenue declined 2.8% year over year.
• The company declared a quarterly dividend of $0.68 per share, equivalent to $2.72 annually and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $89.14.

Oppenheimer Asset Management Inc. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,141 shares of the utilities provider's stock, valued at approximately $1,398,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Triumph Capital Management boosted 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 buying an additional 247 shares in the last quarter. Garner Asset Management Corp acquired a new position in shares of ONE Gas during the fourth quarter worth $29,000. Torren Management LLC bought a new position in shares of ONE Gas in the 4th quarter valued at $31,000. Quarry LP lifted its stake in shares of ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock valued at $32,000 after acquiring an additional 267 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted 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 acquiring an additional 203 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $81.02 on Monday. 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 $73.91 and a 52 week high of $90.78. The firm has a market cap of $5.09 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The firm's fifty day moving average is $78.45 and its 200-day moving average is $82.65.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share 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 the consensus estimate of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.ONE Gas's quarterly revenue was down 2.8% on a year-over-year basis. During the same period 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. Sell-side 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 declared 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas's dividend payout ratio is presently 58.62%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on OGS shares. Wolfe Research initiated coverage on ONE Gas in a research report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Weiss Ratings downgraded ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 10th. Truist Financial cut their price target on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a research note on Thursday. Capital One Financial set a $93.00 price target on ONE Gas in a report on Friday, June 12th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $89.14.

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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