Louisiana State Employees Retirement System Makes New Investment in ONE Gas, Inc. $OGS

Louisiana State Employees Retirement System purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 17,400 shares of the utilities provider’s stock, valued at approximately $1,499,000.

Other institutional investors have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in ONE Gas during the 4th quarter worth approximately $25,000. Triumph Capital Management boosted its position in ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the period. Garner Asset Management Corp acquired a new position in shares of ONE Gas in the fourth quarter worth $29,000. Torren Management LLC acquired a new position in shares of ONE Gas in the fourth quarter worth $31,000. Finally, Quarry LP increased its position in shares of 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 acquiring an additional 267 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 1.3%

Shares of NYSE OGS opened at $77.30 on Friday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. ONE Gas, Inc. has a 52 week low of $71.71 and a 52 week high of $90.78. The firm has a 50-day moving average price of $80.98 and a 200 day moving average price of $82.33. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last issued its 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 return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. During the same quarter in the previous year, the company posted $1.99 earnings per share. The company’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. Equities research analysts anticipate that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OGS. Truist Financial reduced their price objective 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. Capital One Financial set a $93.00 price target on ONE Gas in a report on Friday, June 12th. Wells Fargo & Company initiated coverage on ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 price target on the stock. Morgan Stanley set a $80.00 price objective on ONE Gas in a research note on Wednesday, June 24th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of ONE Gas in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ONE Gas has an average rating of “Moderate Buy” and an average price target of $89.90.

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.