Alliancebernstein L.P. Has $138.23 Million Stock Position in ONE Gas, Inc. $OGS

Alliancebernstein L.P. grew its stake in ONE Gas, Inc. (NYSE:OGS) by 6.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,707,792 shares of the utilities provider’s stock after purchasing an additional 110,305 shares during the period. Alliancebernstein L.P. owned approximately 2.85% of ONE Gas worth $138,229,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in ONE Gas by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after acquiring an additional 1,461 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 2,685 shares in the last quarter. Empowered Funds LLC boosted its stake 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 purchasing 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 worth $16,599,000 after purchasing an additional 34,647 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of ONE Gas in the 1st quarter worth about $5,876,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

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

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $87.02 on Tuesday. ONE Gas, Inc. has a 1-year low of $69.75 and a 1-year high of $88.03. The stock has a market capitalization of $5.46 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.28 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. The business has a 50-day moving average price of $82.47 and a two-hundred day moving average price of $80.43.

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

ONE Gas Increases Dividend

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

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.