Connor Clark & Lunn Investment Management Ltd. Purchases Shares of 56,264 ONE Gas, Inc. $OGS

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in ONE Gas, Inc. (NYSE:OGS) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 56,264 shares of the utilities provider’s stock, valued at approximately $4,336,000.

A number of other institutional investors have also made changes to their positions in OGS. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in ONE Gas by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after purchasing an additional 1,461 shares during the period. NewEdge Advisors LLC increased its position in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock worth $226,000 after buying an additional 2,685 shares during the period. Empowered Funds LLC increased its position in ONE Gas by 9.8% in the 1st quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after buying an additional 522 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of ONE Gas by 18.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock worth $16,599,000 after buying an additional 34,647 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of ONE Gas during the first quarter worth approximately $5,876,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Down 1.7%

Shares of OGS opened at $79.75 on Friday. The stock’s 50-day moving average price is $79.14 and its 200 day moving average price is $82.66. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 2.23 and a beta of 0.66. ONE Gas, Inc. has a 12-month low of $74.06 and a 12-month high of $90.78.

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

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be 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 is Monday, August 17th. ONE Gas’s dividend payout ratio is presently 58.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on OGS shares. Wolfe Research began coverage on shares of ONE Gas in a research note on Tuesday, May 26th. They issued a “peer perform” rating on the stock. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price for the company in a research note on Thursday, August 13th. Truist Financial reduced their price target on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Finally, Mizuho decreased their price target on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 9th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.23.

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.