Legal & General Group Plc Purchases New Stake in ONE Gas, Inc. $OGS

Legal & General Group Plc acquired a new stake in ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 299,768 shares of the utilities provider’s stock, valued at approximately $23,103,000. Legal & General Group Plc owned about 0.48% of ONE Gas at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Triumph Capital Management grew its stake in ONE Gas by 247.0% in the 4th 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 last quarter. Garner Asset Management Corp bought a new position in ONE Gas in the 4th quarter valued at about $29,000. Torren Management LLC acquired a new stake in ONE Gas during the fourth quarter worth approximately $31,000. Quarry LP lifted its position in ONE Gas by 188.0% during 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 last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of ONE Gas during the third quarter worth approximately $36,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

Shares of ONE Gas stock opened at $79.49 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The company has a market cap of $5.00 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. The company has a 50 day moving average of $79.19 and a 200-day moving average of $82.64. ONE Gas, Inc. has a 1-year low of $74.06 and a 1-year high of $90.78.

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

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas’s dividend payout ratio is currently 58.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BTIG Research reiterated a “buy” rating and set a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Morgan Stanley decreased their price objective on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research report on Thursday, August 13th. Wells Fargo & Company raised ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a report on Thursday, August 6th. Finally, Mizuho cut their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

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.