Gallagher Fiduciary Advisors LLC Makes New $518,000 Investment in ONE Gas, Inc. $OGS

Gallagher Fiduciary Advisors LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGSFree Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,725 shares of the utilities provider’s stock, valued at approximately $518,000.

Several other hedge funds have also modified their holdings of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ONE Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after purchasing an additional 1,461 shares during the period. NewEdge Advisors LLC boosted its holdings in ONE Gas by 895.0% in the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 2,685 shares during the last quarter. Empowered Funds LLC grew its position in ONE Gas by 9.8% during the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ONE Gas by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after acquiring an additional 34,647 shares during the period. Finally, Jane Street Group LLC acquired a new stake in ONE Gas during the first quarter worth about $5,876,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

ONE Gas stock opened at $80.53 on Wednesday. The stock’s 50 day moving average price is $78.98 and its 200 day moving average price is $82.70. The firm has a market capitalization of $5.06 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. 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 one year low of $74.06 and a one year high of $90.78.

ONE Gas (NYSE:OGSGet Free Report) last issued 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 company had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. ONE Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $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 expect that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OGS shares. Wolfe Research initiated coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday, June 12th. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a research report on Thursday, August 13th. 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. Finally, Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research note on Thursday, August 6th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $89.23.

Check Out Our Latest Research Report on ONE Gas

ONE Gas 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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Institutional Ownership by Quarter for ONE Gas (NYSE:OGS)

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