SIR Capital Management L.P. Acquires New Shares in ONE Gas, Inc. $OGS

SIR Capital Management L.P. bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 162,523 shares of the utilities provider’s stock, valued at approximately $12,555,000. ONE Gas makes up 1.4% of SIR Capital Management L.P.’s holdings, making the stock its 27th biggest position. SIR Capital Management L.P. owned about 0.27% of ONE Gas as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in OGS. V Square Quantitative Management LLC purchased a new position in ONE Gas during the fourth quarter worth about $25,000. Triumph Capital Management grew its position in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after buying an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new position in ONE Gas during the fourth quarter worth about $29,000. Torren Management LLC purchased a new position in ONE Gas during the fourth quarter worth about $31,000. Finally, American National Bank & Trust purchased a new position in ONE Gas during the fourth quarter worth about $33,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

OGS opened at $77.85 on Friday. The stock has a 50-day moving average price of $84.23 and a 200-day moving average price of $82.59. ONE Gas, Inc. has a 12-month low of $70.87 and a 12-month high of $90.78. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $4.89 billion, a P/E ratio of 17.57, a PEG ratio of 2.59 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter in the previous year, the company posted $1.99 earnings per share. ONE Gas’s revenue for the quarter was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued 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 is presently 61.40%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OGS. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Wells Fargo & Company began coverage on ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price for the company. Stifel Nicolaus boosted their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, ONE Gas presently has an average rating of “Moderate Buy” and an average price target of $90.10.

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.