Inceptionr LLC Acquires New Position in ONE Gas, Inc. $OGS

Inceptionr LLC acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 15,685 shares of the utilities provider’s stock, valued at approximately $1,351,000.

Several other large investors have also recently modified their holdings of the business. Mackenzie Financial Corp lifted its stake in shares of ONE Gas by 3.4% during the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock valued at $304,000 after buying an additional 125 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of ONE Gas by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 135 shares during the period. Parallel Advisors LLC lifted its holdings in ONE Gas by 16.3% during the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 161 shares during the period. Finally, Captrust Financial Advisors grew its holdings in ONE Gas by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after buying an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OGS. Morgan Stanley raised their price objective on shares of ONE Gas from $80.00 to $81.00 and gave the company an “equal weight” rating in a research report on Friday, July 17th. Capital One Financial set a $93.00 price objective on ONE Gas in a research note on Friday, June 12th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Truist Financial dropped their target price on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Mizuho decreased their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, June 9th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $89.70.

ONE Gas Stock Down 0.3%

Shares of OGS opened at $80.03 on Friday. ONE Gas, Inc. has a 1 year low of $71.71 and a 1 year high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a 50 day simple moving average of $78.69 and a two-hundred day simple moving average of $82.44. The firm has a market cap of $5.02 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.72 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS 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 business had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same period last year, the business posted $1.99 earnings per share. The company’s 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, analysts forecast that ONE Gas, Inc. will post 4.74 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is 61.40%.

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.