BTG Pactual Asset Management US LLC Has $11.35 Million Stock Holdings in ONE Gas, Inc. $OGS

BTG Pactual Asset Management US LLC lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 39.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,317 shares of the utilities provider’s stock after acquiring an additional 42,039 shares during the quarter. ONE Gas makes up 0.7% of BTG Pactual Asset Management US LLC’s holdings, making the stock its 27th biggest holding. BTG Pactual Asset Management US LLC owned about 0.23% of ONE Gas worth $11,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in ONE Gas during the 2nd quarter valued at approximately $701,266,000. Energy Income Partners LLC bought a new position in ONE Gas during the 2nd quarter worth approximately $135,948,000. Alliancebernstein L.P. lifted its position in shares of ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after purchasing an additional 1,490,492 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of ONE Gas by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock valued at $108,029,000 after purchasing an additional 380,668 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of ONE Gas by 28.2% in the 4th quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after purchasing an additional 218,571 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OGS has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price for the company in a research note on Thursday, August 6th. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research report on Friday, June 12th. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. Morgan Stanley lowered their price objective on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Finally, LADENBURG THALM/SH SH raised ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research note 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. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $89.23.

ONE Gas Stock Performance

NYSE:OGS opened at $79.49 on Monday. The company has a fifty day moving average of $79.19 and a 200-day moving average of $82.65. The firm has a market capitalization of $5.00 billion, a P/E ratio of 17.13, a P/E/G ratio of 2.19 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 twelve month low of $74.06 and a twelve month high of $90.78.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. The business had revenue of $411.64 million for 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 revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.53 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas’s dividend payout ratio is 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.