Hennessy Advisors Inc. Boosts Holdings in ONE Gas, Inc. $OGS

Hennessy Advisors Inc. grew its stake in ONE Gas, Inc. (NYSE:OGS) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 83,175 shares of the utilities provider’s stock after purchasing an additional 7,100 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.13% of ONE Gas worth $6,410,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. BlackRock Inc. purchased a new position in ONE Gas in the 2nd quarter valued at about $701,266,000. Energy Income Partners LLC purchased a new stake in ONE Gas during the 2nd quarter worth approximately $135,948,000. Alliancebernstein L.P. raised its holdings in shares of ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after acquiring an additional 1,490,492 shares during the last quarter. Norges Bank acquired a new position in shares of ONE Gas during the fourth quarter valued at approximately $70,767,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of ONE Gas in the second quarter valued at approximately $56,308,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

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

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

ONE Gas Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on OGS shares. Wolfe Research initiated coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. 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. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Truist Financial dropped their target price on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, BTIG Research reiterated a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research report on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of “Moderate Buy” and an average target price 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.