ONE Gas, Inc. $OGS Shares Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 9.3% during the 2nd quarter, Holdings Channel reports. The firm owned 83,175 shares of the utilities provider’s stock after buying an additional 7,100 shares during the period. Hennessy Advisors Inc.’s holdings in ONE Gas were worth $6,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Amundi raised its stake in shares of ONE Gas by 189.7% in the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock valued at $1,733,000 after acquiring an additional 13,174 shares in the last quarter. Energy Income Partners LLC purchased a new stake in ONE Gas during the 2nd quarter worth about $135,948,000. BlackRock Inc. purchased a new stake in ONE Gas during the 2nd quarter worth about $701,266,000. Fifth Third Bancorp raised its position in ONE Gas by 2,807.9% in the 1st quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after purchasing an additional 19,655 shares in the last quarter. Finally, ExodusPoint Capital Management LP raised its position in ONE Gas by 314.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after purchasing an additional 159,934 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Performance

Shares of OGS opened at $79.49 on Friday. The stock has a 50 day moving average price of $79.19 and a 200 day moving average price of $82.64. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. ONE Gas, Inc. has a 52-week low of $74.06 and a 52-week high of $90.78.

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

ONE Gas Dividend Announcement

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

Analyst Upgrades and Downgrades

OGS has been the subject of a number of analyst reports. Mizuho lowered their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. 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 research note on Thursday, August 13th. 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 for the company in a report on Thursday, August 6th. Finally, Truist Financial dropped their price objective 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, August 13th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.