7,840 Shares in ONE Gas, Inc. $OGS Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in ONE Gas, Inc. (NYSE:OGS) during the 1st quarter, Holdings Channel.com reports. The firm acquired 7,840 shares of the utilities provider’s stock, valued at approximately $675,000.

Other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in shares of ONE Gas by 6.9% in the 3rd quarter. Alliancebernstein L.P. now owns 1,707,792 shares of the utilities provider’s stock valued at $138,229,000 after purchasing an additional 110,305 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of ONE Gas by 37.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after purchasing an additional 380,668 shares during the period. Boston Trust Walden Corp increased its holdings in ONE Gas by 5.3% in the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock valued at $85,263,000 after purchasing an additional 55,507 shares during the last quarter. Morgan Stanley lifted its stake in ONE Gas by 28.2% in the fourth quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after buying an additional 218,571 shares during the period. Finally, Norges Bank bought a new position in ONE Gas during the fourth quarter worth about $70,767,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analysts Set New Price Targets

OGS has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research report on Friday. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research note on Friday, June 12th. Morgan Stanley set a $80.00 price objective on shares of ONE Gas in a report on Wednesday, June 24th. BTIG Research assumed coverage on shares of ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 target price for the company. Finally, Truist Financial cut their target price on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $89.90.

ONE Gas Stock Performance

Shares of OGS stock opened at $77.13 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. ONE Gas, Inc. has a 52 week low of $71.27 and a 52 week high of $90.78. The company’s 50 day moving average price is $81.42 and its two-hundred day moving average price is $82.33. The company has a market capitalization of $4.84 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 2.67 and a beta of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings results 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 net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million during the quarter, compared to analyst estimates of $969.36 million. During the same quarter last year, the company earned $1.99 EPS. The firm’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 expect that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 3.5%. ONE Gas’s dividend payout ratio is presently 61.40%.

ONE Gas 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.