Legal & General Group Plc Has $24.16 Million Position in ONE Gas, Inc. $OGS

Legal & General Group Plc cut its position in ONE Gas, Inc. (NYSE:OGS) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 312,694 shares of the utilities provider’s stock after selling 30,499 shares during the period. Legal & General Group Plc owned about 0.52% of ONE Gas worth $24,156,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alliancebernstein L.P. raised its stake in ONE Gas by 1,393.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after buying an additional 1,490,492 shares during the period. Squarepoint Ops LLC grew its stake in ONE Gas by 187.1% in the second quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares during the period. Cubist Systematic Strategies LLC acquired a new position in ONE Gas in the second quarter valued at about $16,354,000. American Century Companies Inc. increased its holdings in shares of ONE Gas by 5.6% in the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock worth $308,899,000 after acquiring an additional 202,189 shares in the last quarter. Finally, Energy Income Partners LLC increased its holdings in shares of ONE Gas by 22.2% in the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock worth $68,495,000 after acquiring an additional 153,760 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OGS shares. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Morgan Stanley set a $82.00 price target on shares of ONE Gas in a report on Thursday, May 21st. Finally, Stifel Nicolaus increased their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $89.50.

ONE Gas Stock Up 0.1%

Shares of ONE Gas stock opened at $77.81 on Monday. The firm has a market cap of $4.88 billion, a PE ratio of 17.56, a P/E/G ratio of 2.64 and a beta of 0.66. The business’s 50 day simple moving average is $85.96 and its 200 day simple moving average is $82.93. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. ONE Gas, Inc. has a 52-week low of $70.87 and a 52-week high of $90.78.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The firm had revenue of $831.71 million for the quarter, compared to analyst estimates of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company’s revenue was down 11.1% compared to the same quarter last year. During the same period last year, the company earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts predict that ONE Gas, Inc. will post 4.72 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is currently 61.40%.

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.