ONE Gas, Inc. $OGS Stake Cut by First Trust Advisors LP

First Trust Advisors LP cut its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 7.6% in the first quarter, HoldingsChannel reports. The fund owned 552,351 shares of the utilities provider’s stock after selling 45,224 shares during the quarter. First Trust Advisors LP’s holdings in ONE Gas were worth $47,574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Boston Trust Walden Corp grew its position in ONE Gas by 5.3% during the fourth quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock valued at $85,263,000 after purchasing an additional 55,507 shares in the last quarter. SG Americas Securities LLC lifted its position in ONE Gas by 3,436.1% in the 4th quarter. SG Americas Securities LLC now owns 136,811 shares of the utilities provider’s stock worth $10,569,000 after buying an additional 132,942 shares in the last quarter. M&T Bank Corp lifted its position in ONE Gas by 556.0% in the 4th quarter. M&T Bank Corp now owns 46,459 shares of the utilities provider’s stock worth $3,589,000 after buying an additional 39,377 shares in the last quarter. ExodusPoint Capital Management LP boosted its stake in shares of ONE Gas by 314.3% during the 4th quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after buying an additional 159,934 shares during the period. Finally, Fifth Third Bancorp grew its holdings in shares of ONE Gas by 2,807.9% during the 1st quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after acquiring an additional 19,655 shares in the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on OGS shares. Truist Financial reduced their price objective on ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Morgan Stanley upped their target price on ONE Gas from $80.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Friday, July 17th. Mizuho cut their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research note on Tuesday, June 9th. Wells Fargo & Company began coverage on ONE Gas in a report on Monday, May 11th. They set an “underweight” rating and a $85.00 price target for the company. Finally, Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $89.70.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $80.44 on Monday. The business’s 50-day simple moving average is $78.65 and its 200-day simple moving average is $82.47. 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 $71.71 and a 52 week high of $90.78. The firm has a market cap of $5.05 billion, a price-to-earnings ratio of 18.16, a P/E/G ratio of 2.65 and a beta of 0.66.

ONE Gas (NYSE:OGS) last posted its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.02). The company had revenue of $831.71 million during 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 firm’s revenue for the quarter was down 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts expect that ONE Gas, Inc. will post 4.88 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, May 18th. ONE Gas’s payout ratio is presently 61.40%.

ONE Gas Company 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.