Legal & General Group Plc Sells 30,499 Shares of ONE Gas, Inc. $OGS

Legal & General Group Plc reduced its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 312,694 shares of the utilities provider’s stock after selling 30,499 shares during the quarter. Legal & General Group Plc’s holdings in ONE Gas were worth $24,156,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its holdings in shares of ONE Gas by 23.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider’s stock valued at $8,341,000 after buying an additional 19,522 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of ONE Gas by 269.0% in the 3rd quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider’s stock valued at $3,472,000 after buying an additional 31,275 shares during the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of ONE Gas in the 4th quarter valued at approximately $2,037,000. Hudson Bay Capital Management LP acquired a new stake in shares of ONE Gas in the 3rd quarter valued at approximately $1,628,000. Finally, Jackson Creek Investment Advisors LLC acquired a new stake in shares of ONE Gas in the 3rd quarter valued at approximately $1,925,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

OGS has been the subject of several recent analyst reports. Morgan Stanley set a $82.00 price objective on ONE Gas in a report on Thursday, May 21st. Truist Financial cut their price objective on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Wolfe Research initiated coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, Stifel Nicolaus raised their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ONE Gas has a consensus rating of “Hold” and an average price target of $89.50.

ONE Gas Trading Up 0.1%

Shares of ONE Gas stock opened at $77.81 on Monday. The business has a fifty day simple moving average of $85.96 and a two-hundred day simple moving average of $82.93. ONE Gas, Inc. has a 1 year low of $70.87 and a 1 year high of $90.78. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 2.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.57 and a quick ratio of 0.48.

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

ONE Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, May 18th. ONE Gas’s payout ratio is presently 61.40%.

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.