SIR Capital Management L.P. Buys New Holdings in ONE Gas, Inc. $OGS

SIR Capital Management L.P. bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, Holdings Channel.com reports. The firm bought 162,523 shares of the utilities provider’s stock, valued at approximately $12,555,000. ONE Gas comprises 1.4% of SIR Capital Management L.P.’s holdings, making the stock its 27th biggest position.

Several other institutional investors also recently bought and sold shares of the stock. Martingale Asset Management L P boosted its holdings in ONE Gas by 33.0% during the 4th quarter. Martingale Asset Management L P now owns 54,185 shares of the utilities provider’s stock valued at $4,186,000 after acquiring an additional 13,448 shares during the period. Wells Fargo & Company MN boosted its holdings in ONE Gas by 11.2% during the 4th quarter. Wells Fargo & Company MN now owns 195,789 shares of the utilities provider’s stock valued at $15,125,000 after acquiring an additional 19,730 shares during the period. Y Intercept Hong Kong Ltd boosted its holdings in ONE Gas by 399.1% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 52,567 shares of the utilities provider’s stock valued at $4,061,000 after acquiring an additional 42,035 shares during the period. Wealthspire Advisors LLC boosted its holdings in ONE Gas by 5.4% during the 4th quarter. Wealthspire Advisors LLC now owns 6,139 shares of the utilities provider’s stock valued at $474,000 after acquiring an additional 312 shares during the period. Finally, Quadrant Capital Group LLC boosted its holdings in ONE Gas by 52.3% during the 4th quarter. Quadrant Capital Group LLC now owns 4,780 shares of the utilities provider’s stock valued at $369,000 after acquiring an additional 1,642 shares during the period. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Trading Up 2.3%

NYSE OGS opened at $77.85 on Friday. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a 50 day simple moving average of $84.23 and a two-hundred day simple moving average of $82.59. The stock has a market cap of $4.89 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter last year, the business posted $1.99 EPS. The company’s quarterly revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts forecast that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th were issued a $0.68 dividend. The ex-dividend date was Monday, May 18th. This represents a $2.72 annualized dividend and a yield of 3.5%. ONE Gas’s dividend payout ratio (DPR) is 61.40%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Truist Financial dropped their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Mizuho dropped their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, BTIG Research assumed coverage on ONE Gas in a report on Friday. They set a “buy” rating and a $93.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ONE Gas currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.10.

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.