Hennessy Advisors Inc. Sells 11,800 Shares of ONE Gas, Inc. $OGS

Hennessy Advisors Inc. cut its holdings in ONE Gas, Inc. (NYSE:OGS) by 13.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,875 shares of the utilities provider’s stock after selling 11,800 shares during the period. Hennessy Advisors Inc. owned 0.13% of ONE Gas worth $6,384,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Caldwell Trust Co acquired a new stake in ONE Gas in the 2nd quarter valued at approximately $33,000. Daiwa Securities Group Inc. bought a new stake in shares of ONE Gas in the second quarter valued at approximately $50,000. Avalon Trust Co acquired a new stake in shares of ONE Gas in the second quarter worth $51,000. UMB Bank n.a. grew its stake in shares of ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after acquiring an additional 227 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its position in ONE Gas by 5,362.5% during the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 858 shares during the period. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Performance

NYSE OGS opened at $77.24 on Friday. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $83.96. The company has a quick ratio of 0.33, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $4.63 billion, a P/E ratio of 18.00, a PEG ratio of 2.66 and a beta of 0.81. The company’s 50-day simple moving average is $80.16 and its 200 day simple moving average is $77.22.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.44. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. During the same period in the previous year, the business earned $0.34 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio is 62.47%.

Analyst Upgrades and Downgrades

OGS has been the subject of a number of research reports. UBS Group reduced their price target on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group increased their target price on shares of ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Bank of America lifted their target price on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, December 4th. Mizuho upped their price target on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of ONE Gas in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $85.86.

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.