Aventail Capital Group LP Takes Position in ONE Gas, Inc. $OGS

Aventail Capital Group LP bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 55,052 shares of the utilities provider’s stock, valued at approximately $4,253,000. Aventail Capital Group LP owned approximately 0.09% of ONE Gas at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in shares of ONE Gas during the 4th quarter valued at approximately $25,000. Triumph Capital Management lifted its position in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new position in shares of ONE Gas during the 4th quarter valued at approximately $29,000. Torren Management LLC acquired a new position in ONE Gas in the 4th quarter valued at $31,000. Finally, Quarry LP raised its stake in ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Morgan Stanley set a $82.00 price objective on ONE Gas in a research note on Thursday, May 21st. Stifel Nicolaus raised their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Wall Street Zen downgraded ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. BTIG Research began coverage on ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. One investment 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 data from MarketBeat, ONE Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.

ONE Gas Stock Down 1.1%

Shares of NYSE:OGS opened at $76.15 on Thursday. The business has a 50-day moving average price of $83.51 and a 200 day moving average price of $82.45. 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 company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.62 and a beta of 0.66. ONE Gas, Inc. has a 12-month low of $70.97 and a 12-month high of $90.78.

ONE Gas (NYSE:OGS) last issued 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). The business had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period 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. Sell-side analysts expect that ONE Gas, Inc. will post 4.72 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is currently 61.40%.

About ONE Gas

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.