ONE Gas (NYSE:OGS) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

ONE Gas (NYSE:OGS) released its quarterly earnings results on Wednesday. The utilities provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06, Zacks reports. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%. ONE Gas updated its FY 2026 guidance to 4.830-4.950 EPS.

ONE Gas Stock Performance

Shares of OGS stock traded down $1.74 during trading on Wednesday, reaching $84.00. The company had a trading volume of 490,430 shares, compared to its average volume of 462,570. The firm’s 50 day simple moving average is $79.09 and its two-hundred day simple moving average is $78.92. ONE Gas has a one year low of $68.58 and a one year high of $86.77. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. The company has a market capitalization of $5.04 billion, a PE ratio of 19.58, a PEG ratio of 2.75 and a beta of 0.81.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.68 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, February 20th. This represents a $2.72 annualized dividend and a dividend yield of 3.2%. ONE Gas’s dividend payout ratio is currently 63.40%.

Institutional Trading of ONE Gas

Several large investors have recently modified their holdings of OGS. Alliancebernstein L.P. lifted its position in shares of ONE Gas by 1,393.0% during 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 last quarter. Nuveen LLC grew its position in ONE Gas by 101.1% in the 4th quarter. Nuveen LLC now owns 776,495 shares of the utilities provider’s stock worth $59,984,000 after purchasing an additional 390,344 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after purchasing an additional 358,779 shares during the period. Deutsche Bank AG lifted its stake in shares of ONE Gas by 339.8% in the fourth quarter. Deutsche Bank AG now owns 356,977 shares of the utilities provider’s stock valued at $27,576,000 after buying an additional 275,809 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of ONE Gas in the 2nd quarter worth approximately $16,354,000. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on OGS. Mizuho upped their price target on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Bank of America increased their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. UBS Group dropped their price target on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group increased their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $85.57.

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.