ExodusPoint Capital Management LP Acquires 159,934 Shares of ONE Gas, Inc. $OGS

ExodusPoint Capital Management LP raised its holdings in ONE Gas, Inc. (NYSE:OGS) by 314.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,820 shares of the utilities provider’s stock after buying an additional 159,934 shares during the quarter. ExodusPoint Capital Management LP’s holdings in ONE Gas were worth $16,286,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new stake in shares of ONE Gas in the 4th quarter worth approximately $25,000. Triumph Capital Management grew its position 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 worth $27,000 after buying an additional 247 shares during the last quarter. Garner Asset Management Corp bought a new stake in shares of ONE Gas in the 4th quarter worth approximately $29,000. Torren Management LLC bought a new stake in shares of ONE Gas in the 4th quarter worth approximately $31,000. Finally, Quarry LP grew its position in shares of 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 buying an additional 267 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $82.00 price objective on ONE Gas in a research report on Thursday, May 21st. Mizuho cut their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus lifted their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Wells Fargo & Company assumed coverage on ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 price objective on the stock. Finally, Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ONE Gas has an average rating of “Moderate Buy” and an average price target of $90.10.

ONE Gas Trading Down 0.7%

OGS opened at $76.85 on Wednesday. The stock has a market cap of $4.82 billion, a PE ratio of 17.35, a PEG ratio of 2.63 and a beta of 0.66. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The business has a 50 day moving average of $83.76 and a 200-day moving average of $82.50. ONE Gas, Inc. has a 52 week low of $70.87 and a 52 week high of $90.78.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 company’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts predict that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

ONE Gas Company 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.