JPMorgan Chase & Co. Acquires 8,491 Shares of ONE Gas, Inc. $OGS

JPMorgan Chase & Co. raised its holdings in ONE Gas, Inc. (NYSE:OGS) by 2.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 419,534 shares of the utilities provider’s stock after acquiring an additional 8,491 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of ONE Gas worth $33,957,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Caldwell Trust Co acquired a new position in shares of ONE Gas during the 2nd quarter worth $33,000. Advisory Services Network LLC acquired a new stake in shares of ONE Gas in the 3rd quarter valued at $36,000. Daiwa Securities Group Inc. acquired a new stake in shares of ONE Gas in the 2nd quarter valued at $50,000. CIBC Private Wealth Group LLC boosted its holdings in ONE Gas by 126.0% in the third quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 698 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in ONE Gas by 28.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,285 shares of the utilities provider’s stock worth $104,000 after purchasing an additional 285 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, 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 filing with the SEC, which is available through this link. 1.38% of the stock is currently owned by insiders.

ONE Gas Stock Performance

Shares of OGS opened at $83.80 on Monday. The company has a market capitalization of $5.25 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.18 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48. ONE Gas, Inc. has a one year low of $69.75 and a one year high of $88.03. The company’s fifty day moving average price is $83.16 and its 200 day moving average price is $80.70.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. The company had revenue of $689.37 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is currently 62.24%.

Analysts Set New Price Targets

Several equities analysts have weighed in on OGS shares. Bank of America raised their target price on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, December 4th. Stifel Nicolaus upped their price target on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings lowered ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Mizuho raised their price objective on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Morgan Stanley set a $79.00 target price on ONE Gas in a research report on Friday, February 20th. Four equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.