ONE Gas, Inc. $OGS Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of ONE Gas, Inc. (NYSE:OGS) by 5.6% during the third quarter, HoldingsChannel reports. The firm owned 3,816,387 shares of the utilities provider’s stock after buying an additional 202,189 shares during the period. American Century Companies Inc. owned 0.06% of ONE Gas worth $308,899,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Caldwell Trust Co purchased a new position in shares of ONE Gas in the second quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in ONE Gas in the 2nd quarter worth $50,000. Avalon Trust Co purchased a new position in ONE Gas in the 2nd quarter valued at about $51,000. Hantz Financial Services Inc. grew its stake in shares of ONE Gas by 5,362.5% during the second quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock valued at $63,000 after acquiring an additional 858 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its stake in shares of ONE Gas by 130.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,400 shares of the utilities provider’s stock valued at $113,000 after acquiring an additional 793 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Trading Up 1.0%

Shares of OGS stock opened at $87.43 on Friday. The stock has a 50-day simple moving average of $80.41 and a 200 day simple moving average of $79.50. The stock has a market capitalization of $5.48 billion, a P/E ratio of 20.01, a P/E/G ratio of 2.26 and a beta of 0.81. ONE Gas, Inc. has a fifty-two week low of $69.75 and a fifty-two week high of $87.84. The company has a quick ratio of 0.48, a current ratio of 0.60 and a debt-to-equity ratio of 0.68.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same period in the prior year, the company earned $1.34 EPS. ONE Gas’s 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. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a dividend of $0.68 per share. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s dividend payout ratio (DPR) is currently 62.24%.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, insider Brian F. Brumfield sold 1,000 shares of the firm’s 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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.20% of the company’s stock.

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.