Norges Bank Invests $70.77 Million in ONE Gas, Inc. $OGS

Norges Bank acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 916,079 shares of the utilities provider’s stock, valued at approximately $70,767,000. Norges Bank owned approximately 1.53% of ONE Gas as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth about $25,000. Garner Asset Management Corp acquired a new position in shares of ONE Gas during the 4th quarter worth about $29,000. Torren Management LLC acquired a new position in shares of ONE Gas during the 4th quarter worth about $31,000. American National Bank & Trust acquired a new position in shares of ONE Gas during the 4th quarter worth about $33,000. Finally, Advisory Services Network LLC acquired a new position in shares of ONE Gas during the 3rd quarter worth about $36,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Up 1.4%

ONE Gas stock opened at $78.41 on Friday. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market capitalization of $4.92 billion, a P/E ratio of 17.70, a PEG ratio of 2.66 and a beta of 0.66. The stock has a 50-day simple moving average of $85.16 and a 200-day simple moving average of $82.76.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The firm had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts expect that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 annualized dividend and a yield of 3.5%. ONE Gas’s dividend payout ratio is currently 61.40%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OGS shares. Morgan Stanley set a $82.00 price objective on ONE Gas in a research report on Thursday, May 21st. Wells Fargo & Company initiated coverage on ONE Gas in a report on Monday, May 11th. They issued an “underweight” rating and a $85.00 target price for the company. Stifel Nicolaus boosted their target price on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Wolfe Research initiated coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, ONE Gas has an average rating of “Hold” and an average price target of $89.50.

About ONE Gas

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.