Louisiana State Employees Retirement System Invests $1.50 Million in ONE Gas, Inc. $OGS

Louisiana State Employees Retirement System purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,400 shares of the utilities provider’s stock, valued at approximately $1,499,000.

Several other hedge funds have also bought and sold shares of OGS. V Square Quantitative Management LLC purchased a new stake in shares of ONE Gas in the 4th quarter worth approximately $25,000. Triumph Capital Management raised its stake in ONE Gas by 247.0% during the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after buying an additional 247 shares during the last quarter. Garner Asset Management Corp purchased a new position in ONE Gas during the fourth quarter valued at $29,000. Torren Management LLC bought a new stake in ONE Gas in the fourth quarter worth $31,000. Finally, Quarry LP grew its stake in shares of ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

Shares of NYSE OGS opened at $77.30 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 2.59 and a beta of 0.66. The firm’s 50 day simple moving average is $80.98 and its 200-day simple moving average is $82.33. ONE Gas, Inc. has a 12 month low of $71.71 and a 12 month high of $90.78.

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

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, May 18th. ONE Gas’s payout ratio is currently 61.40%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OGS. Morgan Stanley set a $80.00 price target on ONE Gas in a report on Wednesday, June 24th. Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price objective on the stock. Mizuho reduced their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a report on Friday, June 26th. Finally, BTIG Research initiated coverage on shares of ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.90.

ONE Gas 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.