Engineers Gate Manager LP Has $2.90 Million Stock Position in ONE Gas, Inc. $OGS

Engineers Gate Manager LP lifted its position in ONE Gas, Inc. (NYSE:OGS) by 215.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 37,634 shares of the utilities provider’s stock after buying an additional 25,690 shares during the period. Engineers Gate Manager LP’s holdings in ONE Gas were worth $2,900,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ONE Gas by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after acquiring an additional 1,461 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 period. Empowered Funds LLC lifted its holdings in shares of ONE Gas by 9.8% during the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after purchasing an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ONE Gas by 18.7% during the 1st 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 shares of ONE Gas in the 1st quarter valued at approximately $5,876,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Up 0.1%

Shares of OGS stock opened at $77.45 on Monday. The firm’s fifty day moving average price is $79.55 and its two-hundred day moving average price is $82.26. 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 $74.42 and a 1 year high of $90.78. The firm has a market capitalization of $4.87 billion, a P/E ratio of 16.69, a PEG ratio of 2.13 and a beta of 0.67.

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

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio is presently 58.62%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on OGS. BTIG Research reissued a “buy” rating and set a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price target for the company in a report on Thursday, August 13th. Truist Financial lowered their price objective on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $89.23.

About ONE Gas