Man Group plc Invests $2.36 Million in ONE Gas, Inc. $OGS

Man Group plc bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the 2nd quarter, HoldingsChannel reports. The fund bought 30,568 shares of the utilities provider’s stock, valued at approximately $2,356,000.

A number of other large investors have also modified their holdings of OGS. Triumph Capital Management increased its stake in shares of ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 247 shares during the period. Garner Asset Management Corp acquired a new stake in shares of ONE Gas during the fourth quarter worth approximately $29,000. Quarry LP lifted its position in ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after buying an additional 267 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of ONE Gas by 85.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock valued at $34,000 after buying an additional 203 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in shares of ONE Gas during the 3rd quarter valued at $36,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial lowered their target price on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Wolfe Research initiated coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating for the company. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target on the stock in a report on Thursday, August 13th. Finally, Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Trading Up 1.3%

Shares of OGS opened at $80.30 on Wednesday. The stock has a market cap of $5.05 billion, a PE ratio of 17.31, a PEG ratio of 2.18 and a beta of 0.66. The stock has a 50 day simple moving average of $79.29 and a 200-day simple moving average of $82.60. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 1 year low of $74.06 and a 1 year high of $90.78.

ONE Gas (NYSE:OGS) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million during the quarter, compared to analysts’ expectations of $410.29 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. ONE Gas’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, sell-side analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.68 per share. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas’s dividend payout ratio is presently 58.62%.

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.