BTG Pactual Asset Management US LLC Purchases 42,039 Shares of ONE Gas, Inc. $OGS

BTG Pactual Asset Management US LLC lifted its position in shares of ONE Gas, Inc. (NYSE:OGS) by 39.9% during the second quarter, Holdings Channel.com reports. The firm owned 147,317 shares of the utilities provider’s stock after purchasing an additional 42,039 shares during the period. ONE Gas accounts for 0.7% of BTG Pactual Asset Management US LLC’s holdings, making the stock its 27th biggest position. BTG Pactual Asset Management US LLC’s holdings in ONE Gas were worth $11,354,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp grew its position in ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after purchasing an additional 125 shares during the period. Corient Private Wealth LLC raised its holdings in ONE Gas by 3.5% during the fourth quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after buying an additional 135 shares during the last quarter. Parallel Advisors LLC raised its holdings in ONE Gas by 16.3% during the fourth quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after buying an additional 141 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of ONE Gas by 25.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after buying an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of ONE Gas by 0.4% in the fourth quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after buying an additional 164 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on OGS. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. LADENBURG THALM/SH SH raised shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a research report on Thursday, August 13th. Wall Street Zen upgraded ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. BTIG Research reissued a “buy” rating and set a $96.00 price objective on shares of ONE Gas in a report on Thursday, July 23rd. Finally, Truist Financial lowered their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research note on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Price Performance

OGS opened at $79.49 on Monday. ONE Gas, Inc. has a 1 year low of $74.06 and a 1 year high of $90.78. 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 company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.19 and a beta of 0.66. The firm’s fifty day moving average price is $79.19 and its two-hundred day moving average price is $82.65.

ONE Gas (NYSE:OGS) last announced 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. 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 quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue for the quarter 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, analysts anticipate that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

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 paid 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 (DPR) is 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.