Tulsa Wealth Advisors INC Invests $1.04 Million in ONE Gas, Inc. $OGS

Tulsa Wealth Advisors INC bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 13,482 shares of the utilities provider’s stock, valued at approximately $1,041,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in ONE Gas by 495.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 560 shares of the utilities provider’s stock worth $43,000 after purchasing an additional 466 shares during the last quarter. MidFirst Bank purchased a new position in shares of ONE Gas in the fourth quarter worth $1,430,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of ONE Gas by 7.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 10,473 shares of the utilities provider’s stock worth $809,000 after buying an additional 712 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of ONE Gas by 16.5% during the fourth quarter. NewEdge Advisors LLC now owns 3,533 shares of the utilities provider’s stock worth $273,000 after buying an additional 500 shares during the period. Finally, XTX Topco Ltd acquired a new stake in ONE Gas during the 4th quarter worth about $545,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

OGS opened at $76.69 on Friday. The stock’s 50-day moving average price is $82.99 and its 200 day moving average price is $82.36. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12-month low of $70.97 and a 12-month high of $90.78. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 2.61 and a beta of 0.66.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is 61.40%.

Analyst Upgrades and Downgrades

Several analysts have commented on OGS shares. Wall Street Zen cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Truist Financial decreased their price objective on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Stifel Nicolaus lifted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.10.

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.