Jupiter Asset Management Ltd. Has $3.17 Million Stock Position in ONE Gas, Inc. $OGS

Jupiter Asset Management Ltd. lessened its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 45.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,110 shares of the utilities provider’s stock after selling 32,720 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in ONE Gas were worth $3,166,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board bought a new stake in ONE Gas in the 3rd quarter valued at about $2,233,000. Heartland Advisors Inc. boosted its holdings in ONE Gas by 7.4% in the third quarter. Heartland Advisors Inc. now owns 80,480 shares of the utilities provider’s stock worth $6,514,000 after acquiring an additional 5,548 shares in the last quarter. JPMorgan Chase & Co. grew its stake in ONE Gas by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 419,534 shares of the utilities provider’s stock valued at $33,957,000 after acquiring an additional 8,491 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in shares of ONE Gas by 10.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 28,274 shares of the utilities provider’s stock valued at $2,288,000 after acquiring an additional 2,645 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of ONE Gas by 61.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,710 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 1,785 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of recent research reports. Bank of America increased their target price on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Morgan Stanley set a $79.00 price objective on shares of ONE Gas in a report on Friday. UBS Group reduced their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Mizuho boosted their target price on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and an average target price of $86.43.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $85.54 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.33 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.13 billion, a PE ratio of 19.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.81. The stock’s fifty day simple moving average is $79.58 and its two-hundred day simple moving average is $79.13. ONE Gas, Inc. has a 1-year low of $69.75 and a 1-year high of $86.77.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same quarter in the prior year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.2%. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s payout ratio is 61.33%.

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.