Cresset Asset Management LLC Makes New $1.42 Million Investment in ONE Gas, Inc. $OGS

Cresset Asset Management LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 17,490 shares of the utilities provider’s stock, valued at approximately $1,416,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH increased its holdings in ONE Gas by 23.4% during the 3rd quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock worth $8,341,000 after purchasing an additional 19,522 shares during the period. Rhumbline Advisers raised its position in ONE Gas by 7.9% during the 2nd quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider’s stock valued at $15,856,000 after purchasing an additional 16,249 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of ONE Gas by 269.0% in the 3rd quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock worth $3,472,000 after buying an additional 31,275 shares during the period. Quantbot Technologies LP purchased a new stake in shares of ONE Gas in the 2nd quarter worth $2,542,000. Finally, Burk Holdings LLC bought a new position in shares of ONE Gas during the 2nd quarter worth $239,000. Institutional investors own 88.71% of the company’s stock.

Insider Buying and Selling at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of the firm’s 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 sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. This trade represents a 30.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.38% of the company’s stock.

ONE Gas Trading Up 0.3%

Shares of NYSE:OGS opened at $87.02 on Monday. The company has a market capitalization of $5.46 billion, a PE ratio of 19.91, a P/E/G ratio of 2.27 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. ONE Gas, Inc. has a 12-month low of $69.75 and a 12-month high of $87.88. The business’s fifty day simple moving average is $81.34 and its 200-day simple moving average is $79.97.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The firm had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period in the prior year, the business posted $1.34 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 3.1%. ONE Gas’s payout ratio is currently 62.24%.

Wall Street Analyst Weigh In

OGS has been the topic of several research reports. Morgan Stanley set a $79.00 price target on ONE Gas in a research note on Friday, February 20th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Stifel Nicolaus increased their target price on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday, February 24th. Bank of America raised their target price on shares of ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Finally, Mizuho upped their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.88.

About ONE Gas

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.