59,113 Shares in ONE Gas, Inc. $OGS Acquired by Magellan Asset Management Ltd

Magellan Asset Management Ltd bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 59,113 shares of the utilities provider’s stock, valued at approximately $4,556,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Triumph Capital Management lifted its position in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in ONE Gas in the 4th quarter worth approximately $29,000. Torren Management LLC acquired a new stake in shares of ONE Gas in the fourth quarter worth $31,000. Quarry LP boosted its position in ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of ONE Gas during the third quarter worth approximately $36,000. Institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Mizuho reduced their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target for the company in a research note on Thursday, August 13th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a report on Thursday, August 6th. Finally, Truist Financial cut their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

ONE Gas Price Performance

NYSE OGS opened at $79.11 on Monday. ONE Gas, Inc. has a fifty-two week low of $74.06 and a fifty-two week high of $90.78. The stock’s 50-day moving average is $78.84 and its two-hundred day moving average is $82.70. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The firm has a market cap of $4.97 billion, a P/E ratio of 17.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same quarter in the prior year, the company posted $0.53 EPS. The firm’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. On average, analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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

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.