PDT Partners LLC Makes New Investment in ONE Gas, Inc. $OGS

PDT Partners LLC bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 21,725 shares of the utilities provider’s stock, valued at approximately $1,674,000.

Several other hedge funds have also made changes to their positions in the company. Triumph Capital Management increased its stake in shares of ONE Gas by 247.0% during 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 bought 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 ONE Gas in the fourth quarter worth about $31,000. Quarry LP lifted its stake in ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in ONE Gas by 85.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after acquiring 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 Up 0.8%

NYSE:OGS opened at $81.08 on Thursday. The company’s 50-day simple moving average is $79.08 and its 200-day simple moving average is $82.68. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. ONE Gas, Inc. has a fifty-two week low of $74.06 and a fifty-two week high of $90.78. The stock has a market capitalization of $5.10 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.21 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping 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 firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same quarter in the previous year, the business posted $0.53 EPS. ONE Gas’s 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. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share 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. Stockholders of record on Monday, August 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio is presently 58.62%.

Wall Street Analyst Weigh In

A number of research firms have commented on OGS. Truist Financial cut their target price on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research note on Thursday, August 13th. Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective on the stock in a report on Thursday, August 6th. Finally, Wolfe Research initiated coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.