59,113 Shares in ONE Gas, Inc. $OGS Bought by Magellan Asset Management Ltd

Magellan Asset Management Ltd purchased a new position 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 purchased 59,113 shares of the utilities provider’s stock, valued at approximately $4,556,000. Magellan Asset Management Ltd owned approximately 0.09% of ONE Gas as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Triumph Capital Management increased its holdings in shares of 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 buying an additional 247 shares during the last quarter. Garner Asset Management Corp acquired a new stake in ONE Gas in the fourth quarter valued at approximately $29,000. Torren Management LLC acquired a new position in shares of ONE Gas during the fourth quarter worth $31,000. Quarry LP boosted its stake in shares of ONE Gas by 188.0% in 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 during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in ONE Gas by 85.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after buying an additional 203 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

ONE Gas stock opened at $79.11 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. ONE Gas, Inc. has a 12 month low of $74.06 and a 12 month high of $90.78. The company has a fifty day moving average price of $78.84 and a two-hundred day moving average price of $82.70. The company has a market cap of $4.97 billion, a PE ratio of 17.05, a P/E/G ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its earnings results 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 company 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 earnings per share. The firm’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. Research analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on OGS shares. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research report on Thursday, August 6th. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Morgan Stanley dropped their price target on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research note on Friday. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday, June 12th. Finally, Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

About ONE Gas

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.