6,725 Shares in ONE Gas, Inc. $OGS Purchased by Gallagher Fiduciary Advisors LLC

Gallagher Fiduciary Advisors LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,725 shares of the utilities provider’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Triumph Capital Management boosted its stake in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new position in ONE Gas in the 4th quarter valued at approximately $29,000. Torren Management LLC purchased a new position in ONE Gas in the 4th quarter valued at approximately $31,000. Quarry LP raised its holdings in ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in ONE Gas by 85.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 203 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley lowered their target price on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research report on Thursday, August 13th. Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a research note on Thursday, August 6th. Finally, BTIG Research restated a “buy” rating and set a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $80.53 on Wednesday. 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 business’s fifty day moving average price is $78.98 and its two-hundred day moving average price is $82.70. The stock has a market cap 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. ONE Gas, Inc. has a one year low of $74.06 and a one year high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly 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. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts forecast that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 annualized dividend and a yield of 3.4%. ONE Gas’s payout ratio is presently 58.62%.

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.