ONE Gas, Inc. $OGS Shares Purchased by Energy Income Partners LLC

Energy Income Partners LLC boosted its position in ONE Gas, Inc. (NYSE:OGS) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,331,076 shares of the utilities provider’s stock after buying an additional 14,085 shares during the period. ONE Gas makes up approximately 1.8% of Energy Income Partners LLC’s investment portfolio, making the stock its 16th largest holding. Energy Income Partners LLC’s holdings in ONE Gas were worth $114,646,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in shares of ONE Gas in the 4th quarter valued at $25,000. Triumph Capital Management raised its holdings in shares of 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 purchasing an additional 247 shares during the last quarter. Garner Asset Management Corp purchased a new position in shares of ONE Gas during the fourth quarter worth $29,000. Torren Management LLC purchased a new position in shares of ONE Gas during the fourth quarter worth $31,000. Finally, Quarry LP lifted its position in ONE Gas by 188.0% during the fourth 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 period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

OGS opened at $80.02 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a fifty day moving average price of $78.59 and a 200 day moving average price of $82.49. ONE Gas, Inc. has a 1 year low of $71.71 and a 1 year high of $90.78. The stock has a market cap of $5.02 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.65 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results 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 firm had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the company posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts anticipate that ONE Gas, Inc. will post 4.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio is presently 61.40%.

Wall Street Analysts Forecast Growth

OGS has been the topic of several recent research reports. BTIG Research reaffirmed a “buy” rating and issued a $96.00 price target on shares of ONE Gas in a report on Thursday. 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 note on Tuesday, June 9th. Morgan Stanley boosted their price objective on ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a report on Friday, July 17th. Truist Financial lowered their target price on ONE Gas from $95.00 to $89.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Finally, Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $89.70.

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.