Energy Income Partners LLC Makes New $135.95 Million Investment in ONE Gas, Inc. $OGS

Energy Income Partners LLC acquired a new stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, Holdings Channel reports. The institutional investor acquired 1,763,956 shares of the utilities provider’s stock, valued at approximately $135,948,000. ONE Gas accounts for about 2.1% of Energy Income Partners LLC’s portfolio, making the stock its 12th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of OGS. Citizens Financial Group Inc. RI bought a new stake in ONE Gas during the second quarter worth $324,000. MidFirst Bank bought a new position in shares of ONE Gas in the 2nd quarter valued at about $1,426,000. BlackRock Inc. bought a new position in shares of ONE Gas in the 2nd quarter valued at about $701,266,000. Deutsche Bank AG acquired a new position in shares of ONE Gas during the 2nd quarter worth about $6,690,000. Finally, Tulsa Wealth Advisors INC acquired a new position in shares of ONE Gas during the 2nd quarter worth about $280,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Up 1.4%

ONE Gas stock opened at $81.14 on Wednesday. The stock has a market cap of $5.10 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.23 and a beta of 0.66. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a twelve month low of $74.00 and a twelve month high of $90.78. The company’s 50-day moving average price is $78.63 and its two-hundred day moving average price is $82.68.

ONE Gas (NYSE:OGS) last issued 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 during the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.68 per share. 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 (DPR) is presently 58.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Capital One Financial set a $93.00 target price on shares of ONE Gas in a research note on Friday, June 12th. Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. BTIG Research reaffirmed a “buy” rating and issued a $96.00 price objective on shares of ONE Gas in a research report on Thursday, July 23rd. Finally, Morgan Stanley lifted their target price on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Friday, July 17th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.