ONE Gas, Inc. $OGS Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 75.9% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,869 shares of the utilities provider’s stock after selling 12,159 shares during the quarter. SG Americas Securities LLC’s holdings in ONE Gas were worth $313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS grew its holdings in ONE Gas by 5.7% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 26,000 shares of the utilities provider’s stock worth $2,104,000 after buying an additional 1,400 shares in the last quarter. Capital Advisors Inc. OK grew its stake in shares of ONE Gas by 7.1% in the third quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock worth $243,000 after purchasing an additional 200 shares in the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of ONE Gas by 30.1% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 2,778 shares of the utilities provider’s stock worth $225,000 after purchasing an additional 642 shares in the last quarter. Arbor Investment Advisors LLC acquired a new position in shares of ONE Gas during the third quarter valued at $202,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of ONE Gas by 7.9% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 38,419 shares of the utilities provider’s stock valued at $3,110,000 after purchasing an additional 2,800 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on OGS shares. Bank of America upped their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. UBS Group lowered their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Mizuho boosted their target price on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, Jefferies Financial Group increased their price target on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.57.

ONE Gas Price Performance

NYSE OGS opened at $78.93 on Tuesday. ONE Gas, Inc. has a 1 year low of $68.19 and a 1 year high of $83.96. The business’s fifty day moving average is $78.82 and its two-hundred day moving average is $77.91. The stock has a market capitalization of $4.74 billion, a P/E ratio of 18.40, a P/E/G ratio of 2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, hitting the consensus estimate of $0.44. The business had revenue of $379.13 million during the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, research analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, February 20th. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio is presently 62.47%.

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.