Goldman Sachs Group Inc. Has $108.03 Million Stock Position in ONE Gas, Inc. $OGS

Goldman Sachs Group Inc. increased its position in ONE Gas, Inc. (NYSE:OGS) by 37.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,398,440 shares of the utilities provider’s stock after purchasing an additional 380,668 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.33% of ONE Gas worth $108,029,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new stake in ONE Gas in the fourth quarter worth about $25,000. Garner Asset Management Corp acquired a new stake in ONE Gas in the fourth quarter worth about $29,000. Torren Management LLC acquired a new stake in ONE Gas in the fourth quarter worth about $31,000. American National Bank & Trust acquired a new stake in ONE Gas in the fourth quarter worth about $33,000. Finally, Advisory Services Network LLC acquired a new stake in ONE Gas in the third quarter worth about $36,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Trading Down 0.1%

NYSE:OGS opened at $76.07 on Wednesday. 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 current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $4.77 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. The business’s 50-day simple moving average is $84.79 and its 200-day simple moving average is $82.71.

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 net margin of 11.77% and a return on equity of 8.45%. The business had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same quarter last year, the firm earned $1.99 EPS. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Monday, May 18th. ONE Gas’s payout ratio is 61.40%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on OGS shares. Stifel Nicolaus raised their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Wells Fargo & Company started coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 target price on the stock. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday. Wolfe Research started coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Finally, Truist Financial reduced their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus price target of $89.38.

ONE Gas Company 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.