PDT Partners LLC Takes Position in ONE Gas, Inc. $OGS

Key Points

• PDT Partners purchased 21,725 shares of ONE Gas worth approximately $1.67 million in the second quarter. Institutional investors collectively own 88.71% of the company.
• Analysts have a consensus “Moderate Buy” rating on OGS, with an average price target of $89.23; recent targets range from $85.50 to $93.00.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 per share versus the $0.63 consensus estimate, and declared a quarterly dividend of $0.68, representing a 3.4% yield.

PDT Partners LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,725 shares of the utilities provider's stock, valued at approximately $1,674,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Legal & General Group Plc purchased a new stake in ONE Gas during the second quarter valued at approximately $23,103,000. The Manufacturers Life Insurance Company bought a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $4,477,000. Algert Global LLC boosted its holdings in shares of ONE Gas by 6.4% in the 2nd quarter. Algert Global LLC now owns 107,690 shares of the utilities provider's stock worth $8,300,000 after purchasing an additional 6,510 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ONE Gas in the 2nd quarter worth approximately $4,336,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of ONE Gas during the 2nd quarter valued at approximately $8,356,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on OGS shares. Truist Financial decreased their price target on ONE Gas from $89.00 to $87.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Capital One Financial set a $93.00 target price on shares of ONE Gas in a report on Friday, June 12th. Finally, LADENBURG THALM/SH SH upgraded shares of 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. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $89.23.

ONE Gas Price Performance

OGS opened at $81.08 on Thursday. The business has a fifty day moving average of $79.08 and a 200 day moving average of $82.68. The stock has a market cap of $5.10 billion, a P/E ratio of 17.47, a PEG ratio of 2.21 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 $74.06 and a 52-week high of $90.78.

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

ONE Gas Announces Dividend

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

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