Two Sigma Securities LLC purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,288 shares of the utilities provider’s stock, valued at approximately $485,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management grew its position in shares of 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 last quarter. Garner Asset Management Corp acquired a new position in shares of ONE Gas during the 4th quarter worth approximately $29,000. Quarry LP lifted its stake in 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 buying an additional 267 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in ONE Gas by 85.3% during the 4th 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 during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of ONE Gas in the third quarter valued at $36,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
OGS has been the subject of several analyst reports. Morgan Stanley cut their target price on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday, August 21st. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Capital One Financial set a $93.00 price objective on ONE Gas in a research report on Friday, June 12th. Truist Financial reduced their target price on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Finally, Mizuho decreased their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.
ONE Gas Stock Performance
Shares of OGS stock opened at $80.06 on Thursday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 17.25, a price-to-earnings-growth ratio of 2.21 and a beta of 0.67. ONE Gas, Inc. has a one year low of $74.06 and a one year high of $90.78. The company has a 50 day moving average price of $79.33 and a 200 day moving average price of $82.56.
ONE Gas (NYSE:OGS – Get Free Report) last announced its quarterly earnings results 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. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same quarter last year, the business earned $0.53 EPS. ONE Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.91 EPS for the current year.
ONE Gas Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.68 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.
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.
Recommended Stories
- Five stocks we like better than ONE Gas
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse Test
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.
