299,768 Shares in ONE Gas, Inc. $OGS Acquired by Legal & General Group Plc

Legal & General Group Plc bought a new stake in ONE Gas, Inc. (NYSE:OGS) during the second quarter, Holdings Channel.com reports. The firm bought 299,768 shares of the utilities provider’s stock, valued at approximately $23,103,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OGS. Triumph Capital Management raised its position in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 247 shares during the last quarter. Garner Asset Management Corp acquired a new stake in ONE Gas during the 4th quarter worth approximately $29,000. Torren Management LLC acquired a new stake in ONE Gas during the 4th quarter worth approximately $31,000. Quarry LP grew its holdings in ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in ONE Gas in the 3rd quarter valued at approximately $36,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on OGS shares. Morgan Stanley cut their target price on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a report on Friday, August 21st. Mizuho dropped their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research report on Thursday, August 6th. 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. Finally, Capital One Financial set a $93.00 price target on shares of ONE Gas in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Stock Down 0.2%

OGS stock opened at $79.49 on Friday. The stock’s 50 day simple moving average is $79.19 and its 200 day simple moving average is $82.64. ONE Gas, Inc. has a fifty-two week low of $74.06 and a fifty-two week high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. The company has a market cap of $5.00 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66.

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

ONE Gas Dividend Announcement

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

ONE Gas 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.