18,506 Shares in ONE Gas, Inc. $OGS Bought by MidFirst Bank

MidFirst Bank purchased a new stake in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 18,506 shares of the utilities provider’s stock, valued at approximately $1,430,000.

Other large investors have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of ONE Gas in the 4th quarter worth $25,000. Triumph Capital Management raised its holdings in shares of 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 purchasing an additional 247 shares during the last quarter. Garner Asset Management Corp bought a new position in shares of ONE Gas during the fourth quarter valued at about $29,000. Torren Management LLC bought a new position in shares of ONE Gas during the fourth quarter valued at about $31,000. Finally, Quarry LP boosted its holdings in ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 267 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Stock Performance

NYSE:OGS opened at $76.69 on Friday. The company has a market capitalization of $4.81 billion, a P/E ratio of 17.31, a P/E/G ratio of 2.61 and a beta of 0.66. The business has a fifty day simple moving average of $82.99 and a two-hundred day simple moving average of $82.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. ONE Gas, Inc. has a 1 year low of $70.97 and a 1 year high of $90.78.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. ONE Gas’s payout ratio is 61.40%.

Analysts Set New Price Targets

OGS has been the subject of several recent analyst reports. Capital One Financial set a $93.00 target price on ONE Gas in a report on Friday, June 12th. Mizuho dropped their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Stifel Nicolaus upped their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley set a $82.00 target price on ONE Gas in a research report on Thursday, May 21st. One 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.10.

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.