MQS Management LLC Purchases New Position in ONE Gas, Inc. $OGS

MQS Management LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,840 shares of the utilities provider’s stock, valued at approximately $675,000.

Several other hedge funds have also recently bought and sold shares of OGS. Pictet Asset Management Holding SA boosted its stake in shares of ONE Gas by 6.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 11,027 shares of the utilities provider’s stock valued at $950,000 after purchasing an additional 646 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in ONE Gas during the 1st quarter valued at about $1,499,000. Ritholtz Wealth Management bought a new position in ONE Gas during the 1st quarter valued at about $248,000. Miller Howard Investments Inc. NY boosted its position in ONE Gas by 8.3% in the first quarter. Miller Howard Investments Inc. NY now owns 14,379 shares of the utilities provider’s stock valued at $1,238,000 after buying an additional 1,102 shares in the last quarter. Finally, Diversified Trust Co boosted its position in ONE Gas by 11.2% in the first quarter. Diversified Trust Co now owns 8,883 shares of the utilities provider’s stock valued at $765,000 after buying an additional 894 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OGS has been the topic of a number of research analyst reports. BTIG Research assumed coverage on ONE Gas in a research report on Friday, June 12th. They set a “buy” rating and a $93.00 price target on the stock. Wolfe Research started coverage on ONE Gas in a research 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 note on Friday, June 12th. Wells Fargo & Company initiated coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, ONE Gas has an average rating of “Moderate Buy” and an average price target of $89.90.

ONE Gas Stock Performance

OGS stock opened at $77.13 on Wednesday. The company has a 50 day moving average price of $81.42 and a 200 day moving average price of $82.33. ONE Gas, Inc. has a fifty-two week low of $71.27 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $4.84 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.67 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data 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 the consensus estimate of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts forecast that ONE Gas, Inc. will post 4.72 EPS for the current year.

ONE Gas Announces Dividend

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

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.