Goldman Sachs Group Inc. Purchases 380,668 Shares of ONE Gas, Inc. $OGS

Goldman Sachs Group Inc. raised its position in ONE Gas, Inc. (NYSE:OGS) by 37.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,398,440 shares of the utilities provider’s stock after acquiring an additional 380,668 shares during the period. Goldman Sachs Group Inc.’s holdings in ONE Gas were worth $108,029,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in ONE Gas by 4.6% in the 1st 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 in the last quarter. NewEdge Advisors LLC lifted its stake in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after acquiring an additional 2,685 shares in the last quarter. Empowered Funds LLC lifted its stake in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after acquiring an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position 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 worth $16,599,000 after purchasing an additional 34,647 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of ONE Gas during the 1st quarter worth approximately $5,876,000. Institutional investors own 88.71% of the company’s stock.

ONE Gas Stock Down 0.1%

NYSE:OGS opened at $76.07 on Wednesday. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 2.59 and a beta of 0.66. ONE Gas, Inc. has a twelve month low of $70.87 and a twelve month high of $90.78. The stock’s 50 day moving average price is $84.79 and its two-hundred day moving average price is $82.71. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts expect that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.6%. ONE Gas’s payout ratio is presently 61.40%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OGS. Stifel Nicolaus boosted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Truist Financial lowered their price target on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Wells Fargo & Company began coverage on ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target on the stock. Finally, Morgan Stanley set a $82.00 price target on ONE Gas in a research report on Thursday, May 21st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.38.

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.