Ieq Capital LLC Invests $3.43 Million in ONE Gas, Inc. $OGS

Ieq Capital LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 44,473 shares of the utilities provider’s stock, valued at approximately $3,428,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Triumph Capital Management raised its holdings in shares of ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares in the last quarter. Garner Asset Management Corp bought a new stake in shares of ONE Gas during the 4th quarter valued at about $29,000. Torren Management LLC purchased a new position in shares of ONE Gas during the fourth quarter worth about $31,000. Quarry LP grew its holdings in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of ONE Gas by 85.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 203 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on OGS. Mizuho dropped their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Morgan Stanley decreased their price target on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday. Truist Financial dropped their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Finally, Capital One Financial set a $93.00 target price on ONE Gas in a research note on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Stock Up 1.9%

Shares of NYSE OGS opened at $80.31 on Tuesday. ONE Gas, Inc. has a one year low of $74.06 and a one year high of $90.78. 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 firm’s 50 day simple moving average is $78.90 and its two-hundred day simple moving average is $82.70. The stock has a market capitalization of $5.05 billion, a P/E ratio of 17.31, a PEG ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share 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 firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same period in the previous year, the business posted $0.53 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared 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. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas’s dividend payout ratio is presently 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.