Quantbot Technologies LP Purchases Shares of 54,035 ONE Gas, Inc. $OGS

Quantbot Technologies LP bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 54,035 shares of the utilities provider’s stock, valued at approximately $4,164,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a report on Thursday, July 23rd. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a research report on Friday, June 12th. Wolfe Research assumed coverage on shares of ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Mizuho dropped their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Price Performance

ONE Gas stock opened at $79.11 on Monday. ONE Gas, Inc. has a 52 week low of $74.06 and a 52 week high of $90.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm’s 50-day simple moving average is $78.84 and its 200 day simple moving average is $82.70. The firm has a market capitalization of $4.97 billion, a PE ratio of 17.05, a P/E/G ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share 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 firm had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. During the same period last year, the firm posted $0.53 EPS. 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. On average, equities research analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is 58.62%.

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.