MidFirst Bank Invests $1.43 Million in ONE Gas, Inc. $OGS

MidFirst Bank bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the second quarter, HoldingsChannel reports. The fund bought 18,506 shares of the utilities provider’s stock, valued at approximately $1,426,000.

Several other large investors have also recently bought and sold shares of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ONE Gas by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after acquiring an additional 1,461 shares in the last quarter. NewEdge Advisors LLC lifted its stake in ONE Gas by 895.0% during the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock worth $226,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC lifted its stake in ONE Gas by 9.8% during the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock valued at $16,599,000 after purchasing an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in ONE Gas in the first quarter valued at approximately $5,876,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Capital One Financial set a $93.00 price objective on shares of ONE Gas in a report on Friday, June 12th. Mizuho lowered their target price on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday, June 9th. Morgan Stanley increased their target price 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. Truist Financial dropped their target price on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price target on the stock in a research note on Thursday, August 6th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $89.14.

ONE Gas Stock Down 1.3%

Shares of NYSE OGS opened at $79.96 on Tuesday. The business has a 50-day moving average price of $78.52 and a 200 day moving average price of $82.66. The stock has a market cap of $5.03 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.23 and a beta of 0.66. 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 52-week low of $73.91 and a 52-week high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly earnings results 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 company had revenue of $411.64 million for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts forecast that ONE Gas, Inc. will post 4.91 earnings per share for the current year.

ONE Gas Announces Dividend

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

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.