Fox Run Management L.L.C. Makes New $936,000 Investment in ONE Gas, Inc. $OGS

Fox Run Management L.L.C. acquired a new position in ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 12,112 shares of the utilities provider’s stock, valued at approximately $936,000.

A number of other hedge funds have also recently added to or reduced their stakes in OGS. Alliancebernstein L.P. boosted its holdings in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after purchasing an additional 1,490,492 shares during the period. Norges Bank bought a new stake in ONE Gas in the fourth quarter valued at $70,767,000. Goldman Sachs Group Inc. lifted its stake in ONE Gas by 37.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after buying an additional 380,668 shares during the last quarter. Squarepoint Ops LLC lifted its stake in ONE Gas by 187.1% in the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after buying an additional 358,779 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in ONE Gas in the second quarter valued at $16,354,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE OGS opened at $77.12 on Thursday. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78. The firm’s 50-day simple moving average is $84.61 and its 200 day simple moving average is $82.67. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The stock has a market cap of $4.84 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.58 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. The company had revenue of $831.71 million for the quarter, compared to the consensus estimate of $969.36 million. During the same quarter in the prior year, the firm earned $1.99 earnings per share. ONE Gas’s revenue for the quarter 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. Equities analysts expect that ONE Gas, Inc. will post 4.72 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. ONE Gas’s payout ratio is currently 61.40%.

Wall Street Analysts Forecast Growth

OGS has been the topic of a number of recent research reports. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Wolfe Research initiated coverage on ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Morgan Stanley set a $82.00 target price on ONE Gas in a research note on Thursday, May 21st. Truist Financial cut their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Mizuho cut their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, ONE Gas currently has an average rating of “Hold” and a consensus price target of $89.38.

About ONE Gas

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.