Heartland Advisors Inc. Takes Position in ONE Gas, Inc. $OGS

Heartland Advisors Inc. purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 75,438 shares of the utilities provider’s stock, valued at approximately $5,814,000. Heartland Advisors Inc. owned about 0.12% of ONE Gas as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in ONE Gas during the second quarter valued at approximately $701,266,000. Energy Income Partners LLC acquired a new position in shares of ONE Gas in the 2nd quarter worth approximately $135,948,000. Alliancebernstein L.P. grew 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 acquiring an additional 1,490,492 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 acquiring an additional 380,668 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of ONE Gas by 28.2% during the 4th quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after acquiring an additional 218,571 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Down 2.8%

NYSE:OGS opened at $79.11 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The stock has a 50 day moving average of $78.84 and a 200-day moving average of $82.68. The firm has a market capitalization of $4.97 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 2.17 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 announced its quarterly 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. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. During the same quarter last year, the business posted $0.53 EPS. The business’s revenue was down 2.8% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts predict that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho reduced their price objective on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. BTIG Research reiterated a “buy” rating and set a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Wall Street Zen raised shares of ONE Gas from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Finally, Morgan Stanley decreased their price target on shares of ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, ONE Gas has a consensus rating of “Moderate Buy” and an average 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.