Vise Technologies Inc. Buys Shares of 10,933 ONE Gas, Inc. $OGS

Vise Technologies Inc. purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the second quarter, Holdings Channel.com reports. The fund purchased 10,933 shares of the utilities provider’s stock, valued at approximately $843,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp increased its holdings in ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in ONE Gas by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 135 shares during the last quarter. Parallel Advisors LLC lifted its holdings in ONE Gas by 16.3% during the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in ONE Gas by 25.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 161 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in ONE Gas by 0.4% during the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after purchasing an additional 164 shares during the period. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 0.4%

Shares of NYSE OGS opened at $79.11 on Monday. ONE Gas, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78. The business has a 50-day simple moving average of $78.84 and a two-hundred day simple moving average of $82.70. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The company has a market cap of $4.97 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.19. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The firm had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the prior year, the business posted $0.53 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.68 per share. 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 currently 58.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research note on Friday, June 12th. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. BTIG Research reiterated a “buy” rating and issued a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Finally, Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.