ONE Gas, Inc. $OGS Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP reduced its stake in ONE Gas, Inc. (NYSE:OGS) by 74.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,566 shares of the utilities provider’s stock after selling 19,221 shares during the quarter. Susquehanna International Group LLP’s holdings in ONE Gas were worth $506,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Triumph Capital Management raised its position in ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 247 shares during the period. Garner Asset Management Corp purchased a new position in shares of ONE Gas during the fourth quarter worth $29,000. Quarry LP grew its stake in shares of ONE Gas by 188.0% in the fourth quarter. Quarry LP now owns 409 shares of the utilities provider’s stock valued at $32,000 after buying an additional 267 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of ONE Gas by 85.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock valued at $34,000 after buying an additional 203 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of ONE Gas in the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Morgan Stanley lowered their target price on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a report on Friday, August 21st. BTIG Research reissued a “buy” rating and issued a $96.00 price objective on shares of ONE Gas in a research note on Thursday, July 23rd. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 target price on the stock in a report on Thursday, August 6th. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, Truist Financial reduced their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Stock Down 0.2%

Shares of NYSE OGS opened at $79.30 on Tuesday. The business has a 50-day moving average of $79.25 and a two-hundred day moving average of $82.62. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.19 and a beta of 0.66. ONE Gas, Inc. has a 1 year low of $74.06 and a 1 year high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.19. The business had revenue of $411.64 million for the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts forecast that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given 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 of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is 58.62%.

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.