Bank of New York Mellon Corp Buys Shares of 730,608 ONE Gas, Inc. $OGS

Bank of New York Mellon Corp bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 730,608 shares of the utilities provider’s stock, valued at approximately $56,308,000.

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

ONE Gas Trading Up 0.8%

NYSE OGS opened at $81.08 on Thursday. The firm has a market capitalization of $5.10 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.21 and a beta of 0.66. The business’s 50-day moving average price is $79.08 and its two-hundred day moving average price is $82.68. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12 month low of $74.06 and a 12 month high of $90.78.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping 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% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. 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 Dividend Announcement

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

Analysts Set New Price Targets

OGS has been the topic of a number of recent research reports. BTIG Research reissued a “buy” rating and set a $96.00 price target on shares of ONE Gas in a research note on Thursday, July 23rd. Morgan Stanley lowered their price objective on 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. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday, June 12th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price on the stock in a research report on Thursday, August 13th. Finally, Wolfe Research assumed coverage on shares of ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

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.