Bank of New York Mellon Corp Boosts Stock Holdings in ONE Gas, Inc. $OGS

Bank of New York Mellon Corp lifted its holdings in ONE Gas, Inc. (NYSE:OGS) by 2.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 763,877 shares of the utilities provider’s stock after purchasing an additional 16,697 shares during the period. Bank of New York Mellon Corp’s holdings in ONE Gas were worth $65,793,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp raised its position in shares of ONE Gas by 3.4% in the 3rd quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after acquiring an additional 125 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of ONE Gas by 3.5% during the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock valued at $312,000 after purchasing an additional 135 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 141 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in ONE Gas by 25.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock worth $62,000 after buying an additional 161 shares during the last quarter. Finally, Captrust Financial Advisors grew its stake in ONE Gas by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock worth $3,137,000 after buying an additional 164 shares during the last quarter. 88.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on OGS. Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Truist Financial dropped their target price on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating on the stock in a research report on Wednesday. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research note on Friday, June 12th. Finally, Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $89.40.

ONE Gas Stock Performance

NYSE OGS opened at $80.22 on Thursday. ONE Gas, Inc. has a twelve month low of $71.71 and a twelve month high of $90.78. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 18.11, a PEG ratio of 2.66 and a beta of 0.66. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The stock has a 50-day moving average of $78.78 and a 200 day moving average of $82.42.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results 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 analysts’ expectations of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.ONE Gas’s revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.74 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were given 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 3.4%. ONE Gas’s dividend payout ratio is currently 61.40%.

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.