Magellan Asset Management Ltd Raises Stock Position in ONE Gas, Inc. $OGS

Magellan Asset Management Ltd raised its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 18.2% during the first quarter, Holdings Channel.com reports. The fund owned 57,731 shares of the utilities provider’s stock after buying an additional 8,885 shares during the period. Magellan Asset Management Ltd’s holdings in ONE Gas were worth $4,972,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OGS. Mackenzie Financial Corp boosted its stake in shares of ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares during the period. Corient Private Wealth LLC grew its position in shares of 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 purchasing an additional 135 shares in the last quarter. Parallel Advisors LLC raised its stake in ONE Gas by 16.3% during the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock valued at $78,000 after purchasing an additional 141 shares during the period. EverSource Wealth Advisors LLC raised its stake in ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after purchasing an additional 161 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in ONE Gas by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after purchasing an additional 164 shares in the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on OGS. Mizuho dropped their price target 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. Wall Street Zen cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Capital One Financial set a $93.00 target price on shares of ONE Gas in a report on Friday, June 12th. Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, BTIG Research started coverage on shares of ONE Gas in a research note on Friday, June 12th. They set a “buy” rating and a $93.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ONE Gas currently has a consensus rating of “Hold” and a consensus target price of $90.00.

ONE Gas Price Performance

NYSE:OGS opened at $78.61 on Wednesday. The business’s 50-day moving average is $78.85 and its 200 day moving average is $82.40. ONE Gas, Inc. has a 12 month low of $71.71 and a 12 month high of $90.78. The company has a market capitalization of $4.93 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.69 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last released its quarterly 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). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The firm had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter in the prior year, the business earned $1.99 EPS. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.74 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 issued a $0.68 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio (DPR) is 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.