ONE Gas, Inc. $OGS Holdings Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in ONE Gas, Inc. (NYSE:OGS) by 3.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 196,427 shares of the utilities provider’s stock after acquiring an additional 6,534 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in ONE Gas were worth $15,139,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in OGS. Amundi raised its stake in ONE Gas by 189.7% during the 1st quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after acquiring an additional 13,174 shares in the last quarter. Energy Income Partners LLC bought a new position in shares of ONE Gas in the second quarter worth $135,948,000. BlackRock Inc. acquired a new position in shares of ONE Gas during the second quarter valued at $701,266,000. Fifth Third Bancorp increased its holdings in shares of ONE Gas by 2,807.9% during the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after purchasing an additional 19,655 shares during the period. Finally, ExodusPoint Capital Management LP raised its stake in shares of ONE Gas by 314.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after purchasing an additional 159,934 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

NYSE:OGS opened at $79.84 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $79.37 and its 200 day moving average price is $82.51. ONE Gas, Inc. has a 52-week low of $74.06 and a 52-week high of $90.78. The firm has a market cap of $5.02 billion, a P/E ratio of 17.21, a PEG ratio of 2.20 and a beta of 0.67.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same period in the prior year, the company earned $0.53 EPS. ONE Gas’s 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. As a group, sell-side analysts predict that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OGS shares. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday, June 12th. BTIG Research restated a “buy” rating and set a $96.00 price target on shares of ONE Gas in a research report on Thursday, July 23rd. Truist Financial reduced their price target on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Wolfe Research began coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Finally, Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, ONE Gas presently has an average rating of “Moderate Buy” and an average 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.