Fifth Third Bancorp Acquires 19,655 Shares of ONE Gas, Inc. $OGS

Fifth Third Bancorp lifted its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 2,807.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 20,355 shares of the utilities provider’s stock after buying an additional 19,655 shares during the period. Fifth Third Bancorp’s holdings in ONE Gas were worth $1,753,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of ONE Gas during the 4th quarter valued at $25,000. Triumph Capital Management grew its holdings in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp bought a new stake in ONE Gas in the 4th quarter valued at about $29,000. Torren Management LLC acquired a new stake in ONE Gas in the fourth quarter valued at approximately $31,000. Finally, Quarry LP increased its holdings in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 267 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on OGS shares. Wolfe Research began coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 10th. BTIG Research initiated coverage on shares of ONE Gas in a research report on Friday, June 12th. They set a “buy” rating and a $93.00 price target on the stock. Capital One Financial set a $93.00 price target on shares of ONE Gas in a report on Friday, June 12th. Finally, Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $89.40.

ONE Gas Price Performance

OGS opened at $80.22 on Thursday. ONE Gas, Inc. has a fifty-two week low of $71.71 and a fifty-two week high of $90.78. The firm has a 50-day moving average of $78.78 and a 200 day moving average of $82.42. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market cap of $5.03 billion, a P/E ratio of 18.11, a PEG ratio of 2.66 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million during the quarter, compared to the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The business’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, research analysts expect that ONE Gas, Inc. will post 4.74 EPS for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s payout ratio is 61.40%.

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.