Heartland Advisors Inc. Purchases Shares of 75,438 ONE Gas, Inc. $OGS

Heartland Advisors Inc. purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 75,438 shares of the utilities provider’s stock, valued at approximately $5,814,000.

Several other hedge funds and other institutional investors have also 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. M&T Bank Corp grew its stake in shares of ONE Gas by 556.0% in the fourth quarter. M&T Bank Corp now owns 46,459 shares of the utilities provider’s stock worth $3,589,000 after purchasing an additional 39,377 shares in the last quarter. 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. 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. Finally, Energy Income Partners LLC bought a new stake in shares of ONE Gas during the second quarter valued at about $135,948,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGS has been the topic of several research analyst reports. Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a research note on Thursday, August 6th. Wolfe Research started coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Truist Financial dropped their target price on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Capital One Financial set a $93.00 price target on ONE Gas in a research note on Friday, June 12th. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research note on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, ONE Gas currently has an average rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Stock Performance

Shares of OGS opened at $79.11 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The firm’s 50 day moving average is $78.84 and its 200-day moving average is $82.68. ONE Gas, Inc. has a 12-month low of $74.06 and a 12-month high of $90.78. The stock has a market capitalization of $4.97 billion, a P/E ratio of 17.05, a P/E/G ratio of 2.17 and a beta of 0.66.

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

ONE Gas Announces Dividend

The business 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 of this dividend is Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s dividend payout ratio is currently 58.62%.

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.