Dakota Wealth Management Invests $543,000 in ONE Gas, Inc. $OGS

Dakota Wealth Management purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,032 shares of the utilities provider’s stock, valued at approximately $543,000.

Several other large investors have also bought and sold shares of OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of ONE Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after purchasing an additional 1,461 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in ONE Gas by 895.0% during the first quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock worth $226,000 after buying an additional 2,685 shares during the last quarter. Empowered Funds LLC boosted its holdings in ONE Gas by 9.8% during the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after buying an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of ONE Gas by 18.7% during 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 buying an additional 34,647 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of ONE Gas during the 1st quarter worth about $5,876,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at ONE Gas

In related news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.38% of the stock is owned by corporate insiders.

ONE Gas Stock Up 1.5%

Shares of OGS stock opened at $86.22 on Tuesday. ONE Gas, Inc. has a 12-month low of $69.75 and a 12-month high of $88.03. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68. The firm has a fifty day moving average of $84.08 and a 200-day moving average of $81.13. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 2.21 and a beta of 0.80.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $689.37 million for 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 firm’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. 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. Stockholders of record on Friday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 20th. ONE Gas’s dividend payout ratio is presently 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.