Freestone Grove Partners LP Buys Shares of 161,501 ONE Gas, Inc. $OGS

Freestone Grove Partners LP purchased a new position 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 fund purchased 161,501 shares of the utilities provider’s stock, valued at approximately $12,447,000. Freestone Grove Partners LP owned about 0.26% of ONE Gas at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OGS. Amundi boosted its holdings in shares of ONE Gas by 189.7% during the 1st quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after acquiring an additional 13,174 shares during the last quarter. Energy Income Partners LLC purchased a new stake in ONE Gas in the second quarter worth approximately $135,948,000. Fifth Third Bancorp boosted its holdings in ONE Gas by 2,807.9% in the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock worth $1,753,000 after purchasing an additional 19,655 shares during the last quarter. ExodusPoint Capital Management LP raised its stake in ONE Gas by 314.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after buying an additional 159,934 shares during the last quarter. Finally, BlackRock Inc. bought a new position in shares of ONE Gas during the 2nd quarter valued at $701,266,000. 88.71% of the stock is owned by institutional investors.

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ONE Gas Stock Performance

Shares of OGS opened at $79.75 on Friday. The business has a 50-day simple moving average of $79.14 and a two-hundred day simple moving average of $82.66. 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. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.23 and a beta of 0.66.

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 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 return on equity of 8.81% and a net margin of 12.47%.The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio is 58.62%.

Wall Street Analyst Weigh In

Several brokerages recently commented on OGS. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective for the company in a report on Thursday, August 13th. Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Truist Financial cut their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. BTIG Research reiterated a “buy” rating and issued a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

Read Our Latest Research Report on ONE Gas

ONE Gas Company Profile

(Free Report)

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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