Oppenheimer Asset Management Inc. Invests $1.40 Million in ONE Gas, Inc. $OGS

Oppenheimer Asset Management Inc. acquired a new stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,141 shares of the utilities provider’s stock, valued at approximately $1,398,000.

Several other large investors also recently modified their holdings of the company. Triumph Capital Management raised its stake in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after buying an additional 247 shares during the last quarter. Garner Asset Management Corp bought a new stake in ONE Gas during the fourth quarter valued at $29,000. Torren Management LLC acquired a new stake in ONE Gas during the 4th quarter worth about $31,000. Quarry LP raised its position in shares of ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of ONE Gas by 85.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 203 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Trading Up 0.0%

OGS opened at $81.02 on Monday. The company has a fifty day moving average price of $78.45 and a two-hundred day moving average price of $82.65. ONE Gas, Inc. has a 1-year low of $73.91 and a 1-year high of $90.78. The company has a market cap of $5.09 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. The company 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 business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Dividend Announcement

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

Analyst Ratings Changes

OGS has been the topic of a number of recent analyst reports. BTIG Research reissued a “buy” rating and issued a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. 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 research note on Thursday, August 6th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Truist Financial dropped their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Capital One Financial set a $93.00 price target on ONE Gas in a report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and an average target price of $89.14.

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.