Dakota Wealth Management Takes Position in ONE Gas, Inc. $OGS

Dakota Wealth Management bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 7,032 shares of the utilities provider’s stock, valued at approximately $543,000.

A number of other hedge funds have also added to or reduced their stakes in OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ONE Gas by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after buying an additional 1,461 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of ONE Gas by 895.0% during the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock worth $226,000 after buying an additional 2,685 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of 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 grew its holdings in shares of ONE Gas by 18.7% in 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 valued at $16,599,000 after acquiring an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of ONE Gas in the first quarter valued at about $5,876,000. Institutional investors own 88.71% of the company’s stock.

Insiders Place Their Bets

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the transaction, the insider directly owned 2,246 shares of the company’s stock, valued at $194,144.24. This represents a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.38% of the stock is currently owned by corporate insiders.

ONE Gas Trading Up 1.5%

Shares of ONE Gas stock opened at $86.22 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48. The business has a fifty day simple moving average of $84.08 and a two-hundred day simple moving average of $81.13. ONE Gas, Inc. has a 1 year low of $69.75 and a 1 year high of $88.03. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 2.21 and a beta of 0.80.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $689.37 million for the quarter, compared to the consensus estimate of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a $0.68 dividend. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. ONE Gas’s dividend payout ratio (DPR) is currently 62.24%.

Wall Street Analyst Weigh In

Several research analysts recently commented on OGS shares. Morgan Stanley set a $79.00 price target on ONE Gas in a research report on Friday, February 20th. Bank of America increased their price objective 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 cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Mizuho boosted their target price on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, UBS Group dropped their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of “Hold” and a consensus target price of $86.88.

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.