Aventail Capital Group LP Buys Shares of 55,052 ONE Gas, Inc. $OGS

Aventail Capital Group LP bought a new stake in ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 55,052 shares of the utilities provider’s stock, valued at approximately $4,253,000.

Several other institutional investors also recently bought and sold shares of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ONE Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after acquiring an additional 1,461 shares in the last quarter. NewEdge Advisors LLC grew its position in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 2,685 shares in the last quarter. Empowered Funds LLC grew its position in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in ONE Gas by 18.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after acquiring an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in ONE Gas in the 1st quarter valued at about $5,876,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OGS has been the subject of several recent research reports. BTIG Research initiated coverage on ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 price objective for the company. Wolfe Research initiated coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating for the company. Capital One Financial set a $93.00 price objective on ONE Gas in a research note on Friday, June 12th. Mizuho decreased their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Finally, Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.10.

ONE Gas Price Performance

OGS stock opened at $76.15 on Thursday. The business has a 50 day moving average price of $83.51 and a 200 day moving average price of $82.45. The stock has a market cap of $4.78 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 2.62 and a beta of 0.66. ONE Gas, Inc. has a fifty-two week low of $70.97 and a fifty-two week high of $90.78. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The business had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.ONE Gas’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts anticipate that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date was Monday, May 18th. This represents a $2.72 annualized dividend and a yield of 3.6%. ONE Gas’s payout ratio is presently 61.40%.

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.