VIRGINIA RETIREMENT SYSTEMS ET Al Invests $3.15 Million in ONE Gas, Inc. $OGS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, HoldingsChannel reports. The firm purchased 40,819 shares of the utilities provider’s stock, valued at approximately $3,146,000.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its position in ONE Gas by 7,784.3% during the second quarter. California State Teachers Retirement System now owns 5,552,894 shares of the utilities provider’s stock worth $427,962,000 after purchasing an additional 5,482,464 shares in the last quarter. Greenland Capital Management LP increased its position in shares of ONE Gas by 253.4% in the second quarter. Greenland Capital Management LP now owns 60,070 shares of the utilities provider’s stock valued at $4,630,000 after buying an additional 43,074 shares in the last quarter. Readystate Asset Management LP acquired a new position in shares of ONE Gas during the 2nd quarter worth approximately $269,000. HB Wealth Management LLC raised its stake in shares of ONE Gas by 38.4% during the 2nd quarter. HB Wealth Management LLC now owns 5,841 shares of the utilities provider’s stock worth $450,000 after buying an additional 1,620 shares during the period. Finally, Nykredit A S purchased a new position in shares of ONE Gas during the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $78.21 on Friday. The stock has a market capitalization of $4.92 billion, a P/E ratio of 16.86, a PEG ratio of 2.18 and a beta of 0.67. The business has a 50 day simple moving average of $79.54 and a two-hundred day simple moving average of $82.32. ONE Gas, Inc. has a 12 month low of $74.42 and a 12 month high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $410.29 million. During the same period in the previous year, the company posted $0.53 earnings per share. The business’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. As a group, analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s payout ratio is 58.62%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wolfe Research initiated coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating on the stock. BTIG Research restated a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. Wells Fargo & Company raised shares of 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. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Mizuho cut their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, ONE Gas currently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

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.