Quantbot Technologies LP Makes New $4.16 Million Investment in ONE Gas, Inc. $OGS

Quantbot Technologies LP bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 54,035 shares of the utilities provider’s stock, valued at approximately $4,164,000. Quantbot Technologies LP owned 0.09% of ONE Gas as of its most recent SEC filing.

Several other large investors have also modified their holdings of OGS. BlackRock Inc. acquired a new stake in shares of ONE Gas during the 2nd quarter worth about $701,266,000. Energy Income Partners LLC purchased a new stake in ONE Gas in the 2nd quarter valued at about $135,948,000. Alliancebernstein L.P. lifted its position in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after buying an additional 1,490,492 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after buying an additional 380,668 shares during the last quarter. Finally, Morgan Stanley boosted its stake in ONE Gas by 28.2% during the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock worth $76,665,000 after buying an additional 218,571 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OGS shares. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target for the company in a research report on Thursday, August 6th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a report on Thursday, August 13th. Morgan Stanley lowered their price objective on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday. Wolfe Research started coverage on ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, ONE Gas has a consensus rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $79.11 on Monday. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66. 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 business has a 50-day moving average of $78.84 and a 200 day moving average of $82.70. ONE Gas, Inc. has a 12 month low of $74.06 and a 12 month high of $90.78.

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 net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.68 per share. The ex-dividend date is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio is 58.62%.

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.