MidFirst Bank Buys New Position in ONE Gas, Inc. $OGS

MidFirst Bank bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 18,506 shares of the utilities provider’s stock, valued at approximately $1,430,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in shares of ONE Gas during the fourth quarter worth $25,000. Triumph Capital Management lifted its holdings in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in ONE Gas in the fourth quarter valued at $29,000. Torren Management LLC bought a new stake in ONE Gas during the fourth quarter valued at $31,000. Finally, Quarry LP boosted 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 acquiring an additional 267 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on OGS. Stifel Nicolaus boosted their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. BTIG Research started coverage on ONE Gas in a research note on Friday, June 12th. They set a “buy” rating and a $93.00 target price for the company. Capital One Financial set a $93.00 target price on ONE Gas in a report on Friday, June 12th. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Finally, Mizuho cut their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.

ONE Gas Stock Performance

Shares of OGS stock opened at $76.69 on Friday. 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 firm has a fifty day simple moving average of $82.99 and a two-hundred day simple moving average of $82.36. ONE Gas, Inc. has a 12 month low of $70.97 and a 12 month high of $90.78. The firm has a market capitalization of $4.81 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 2.61 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same period last year, the business posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts forecast that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 3.5%. ONE Gas’s payout ratio is 61.40%.

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.