Meiji Yasuda Asset Management Co Ltd. Takes $8.36 Million Position in ONE Gas, Inc. $OGS

Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 108,420 shares of the utilities provider’s stock, valued at approximately $8,356,000.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in ONE Gas in the second quarter worth about $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas during the 2nd quarter valued at about $135,948,000. Alliancebernstein L.P. boosted its stake in shares of ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after purchasing an additional 1,490,492 shares during the last quarter. Norges Bank acquired a new stake in shares of ONE Gas during the 4th quarter worth approximately $70,767,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of ONE Gas during the second quarter worth approximately $56,308,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of OGS stock opened at $79.11 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12-month low of $74.06 and a 12-month high of $90.78. The firm has a fifty day moving average of $78.84 and a 200-day moving average of $82.70. The firm has a market capitalization of $4.97 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 2.17 and a beta of 0.66.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. The business had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.53 EPS. 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 4.91 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas’s payout ratio is 58.62%.

Analysts Set New Price Targets

A number of analysts have commented on OGS shares. Morgan Stanley lowered their target price on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday. Mizuho decreased their price objective 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 upgraded ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Wells Fargo & Company upgraded ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. Finally, Truist Financial decreased their target price on ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.23.

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.