ProShare Advisors LLC Sells 82,906 Shares of ONE Gas, Inc. $OGS

ProShare Advisors LLC reduced its stake in ONE Gas, Inc. (NYSE:OGS) by 14.4% during the 4th quarter, HoldingsChannel reports. The fund owned 490,904 shares of the utilities provider’s stock after selling 82,906 shares during the quarter. ProShare Advisors LLC’s holdings in ONE Gas were worth $37,922,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in ONE Gas in the 4th quarter valued at $25,000. Garner Asset Management Corp bought a new stake in ONE Gas in the 4th quarter valued at $29,000. Torren Management LLC bought a new stake in ONE Gas in the 4th quarter valued at $31,000. American National Bank & Trust bought a new stake in ONE Gas in the 4th quarter valued at $33,000. Finally, Advisory Services Network LLC bought a new stake in ONE Gas in the 3rd quarter valued at $36,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Trading Down 0.1%

Shares of NYSE:OGS opened at $83.18 on Wednesday. The company’s 50-day moving average price is $86.83 and its two-hundred day moving average price is $82.94. 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, Inc. has a one year low of $70.87 and a one year high of $90.78. The stock has a market capitalization of $5.22 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 2.83 and a beta of 0.72.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.11 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 the consensus estimate of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period last year, the firm earned $1.99 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts forecast that ONE Gas, Inc. will post 4.73 EPS for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 18th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, May 18th. ONE Gas’s dividend payout ratio is presently 61.40%.

Analyst Ratings Changes

Several equities research analysts recently commented on OGS shares. Wall Street Zen cut shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday. Stifel Nicolaus boosted their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Wells Fargo & Company started coverage on shares of ONE Gas in a research report on Monday, May 11th. They issued an “underweight” rating and a $85.00 price objective on the stock. Truist Financial cut their price target on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday. Finally, Weiss Ratings raised shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and an average price target of $90.00.

Insider Activity

In other news, insider Brian F. Brumfield sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider directly 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 sale 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.

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.