Vanguard Group Inc. Lowers Stock Position in ONE Gas, Inc. $OGS

Vanguard Group Inc. cut its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 0.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,489,014 shares of the utilities provider’s stock after selling 53,601 shares during the period. Vanguard Group Inc. owned approximately 0.11% of ONE Gas worth $501,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in ONE Gas in the fourth quarter valued at approximately $25,000. American National Bank & Trust purchased a new position in shares of ONE Gas during the fourth quarter worth $33,000. Advisory Services Network LLC acquired a new stake in shares of ONE Gas in the third quarter valued at $36,000. First Horizon Corp grew its stake in shares of ONE Gas by 24,050.0% in the fourth quarter. First Horizon Corp now owns 483 shares of the utilities provider’s stock valued at $37,000 after buying an additional 481 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of ONE Gas in the 2nd quarter valued at $50,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Stock Down 2.4%

OGS stock opened at $86.69 on Wednesday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 19.57, a PEG ratio of 2.97 and a beta of 0.72. The company has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $82.79. ONE Gas, Inc. has a one year low of $70.87 and a one year high of $90.78. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60.

ONE Gas (NYSE:OGS) last released 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). ONE Gas had a return on equity of 8.61% and a net margin of 11.77%.The business had revenue of $831.71 million for the quarter, compared to analysts’ expectations of $969.36 million. During the same quarter last year, the company posted $1.99 earnings per share. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, sell-side analysts expect that ONE Gas, Inc. will post 4.8 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a yield of 3.1%. ONE Gas’s dividend payout ratio (DPR) is presently 62.24%.

Insider Activity

In related news, insider Brian F. Brumfield sold 1,000 shares of the 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 owned 2,246 shares of the company’s stock, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.92% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Stifel Nicolaus boosted their price target on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Morgan Stanley lifted their price objective on shares of ONE Gas from $84.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 21st. Finally, Truist Financial initiated coverage on ONE Gas in a research report on Monday, April 20th. They set a “buy” rating and a $99.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.00.

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.