VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in ONE Gas, Inc. $OGS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired 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 SEC. The fund acquired 40,819 shares of the utilities provider’s stock, valued at approximately $3,146,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.06% of ONE Gas as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ONE Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ONE Gas by 895.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC boosted its position in shares of ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of ONE Gas by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock worth $16,599,000 after purchasing an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in ONE Gas during the 1st quarter worth $5,876,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OGS. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target for the company in a report on Thursday, August 6th. Mizuho decreased their price objective 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. Capital One Financial set a $93.00 target price on shares of ONE Gas in a research note on Friday, June 12th. Truist Financial cut their price target on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $96.00 price target on shares of ONE Gas in a report on Thursday, July 23rd. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Stock Performance

Shares of OGS stock opened at $78.21 on Friday. ONE Gas, Inc. has a 52-week low of $74.42 and a 52-week high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.92 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 2.18 and a beta of 0.67. The business has a 50-day simple moving average of $79.54 and a 200-day simple moving average of $82.32.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.ONE Gas’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio (DPR) is presently 58.62%.

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.