Freestone Grove Partners LP Invests $12.45 Million in ONE Gas, Inc. $OGS

Freestone Grove Partners LP bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, Holdings Channel.com reports. The firm bought 161,501 shares of the utilities provider’s stock, valued at approximately $12,447,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management lifted its holdings in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp purchased a new stake in ONE Gas during the 4th quarter valued at approximately $29,000. Torren Management LLC bought a new stake in shares of ONE Gas during the fourth quarter valued at approximately $31,000. Quarry LP lifted its holdings in shares of ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after buying an additional 267 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of ONE Gas in the third quarter worth $36,000. Institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

OGS has been the subject of several research analyst reports. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Wolfe Research assumed 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 reissued a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a report on Thursday, July 23rd. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Capital One Financial set a $93.00 target price on ONE Gas in a research report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, ONE Gas has a consensus rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $79.75 on Friday. The firm has a fifty day simple moving average of $79.14 and a two-hundred day simple moving average of $82.66. ONE Gas, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.01 billion, a P/E ratio of 17.19, a PEG ratio of 2.23 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. During the same period in the prior year, the company earned $0.53 EPS. The business’s revenue 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. On average, analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given 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 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.