Vise Technologies Inc. Buys New Position in ONE Gas, Inc. $OGS

Vise Technologies Inc. purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,933 shares of the utilities provider’s stock, valued at approximately $843,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Triumph Capital Management boosted its holdings in ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 247 shares during the last quarter. Garner Asset Management Corp purchased a new stake in shares of ONE Gas in the fourth quarter valued at about $29,000. Torren Management LLC purchased a new stake in shares of ONE Gas in the fourth quarter valued at about $31,000. Quarry LP lifted its position in shares of 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 purchasing an additional 267 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of ONE Gas during the third quarter valued at about $36,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Up 0.4%

NYSE OGS opened at $79.11 on Monday. The business’s fifty day moving average is $78.84 and its 200-day moving average is $82.70. 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 stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.17 and a beta of 0.66. ONE Gas, Inc. has a one year low of $74.06 and a one year high of $90.78.

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

ONE Gas Announces Dividend

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

Analyst Upgrades and Downgrades

OGS has been the subject of a number of recent analyst reports. Truist Financial reduced their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Mizuho dropped their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Wolfe Research began coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a report on Thursday, August 6th. Finally, Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, ONE Gas presently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

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.