Intech Investment Management LLC Has $2.19 Million Stock Position in ONE Gas, Inc. $OGS

Intech Investment Management LLC reduced its holdings in ONE Gas, Inc. (NYSE:OGS) by 66.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,000 shares of the utilities provider’s stock after selling 53,760 shares during the period. Intech Investment Management LLC’s holdings in ONE Gas were worth $2,185,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of OGS. Alliancebernstein L.P. increased its position in ONE Gas by 1,393.0% during the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after acquiring an additional 1,490,492 shares during the period. Geode Capital Management LLC increased its holdings in shares of ONE Gas by 6.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,478,961 shares of the utilities provider’s stock worth $106,290,000 after purchasing an additional 84,296 shares during the period. Bank of New York Mellon Corp raised its position in shares of ONE Gas by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock valued at $58,547,000 after buying an additional 27,713 shares during the last quarter. Energy Income Partners LLC lifted its stake in shares of ONE Gas by 6.4% in the second quarter. Energy Income Partners LLC now owns 692,487 shares of the utilities provider’s stock valued at $49,762,000 after buying an additional 41,678 shares during the period. Finally, Norges Bank acquired a new stake in ONE Gas during the second quarter worth about $47,922,000. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

Shares of OGS stock opened at $87.17 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48. The stock’s fifty day simple moving average is $80.80 and its 200 day simple moving average is $79.70. ONE Gas, Inc. has a one year low of $69.75 and a one year high of $87.84. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.28 and a beta of 0.80.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The company had revenue of $689.37 million during the quarter, compared to analysts’ expectations of $990.44 million. During the same period last year, the business earned $1.34 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.68 per share. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, February 20th. ONE Gas’s payout ratio is currently 62.24%.

Wall Street Analyst Weigh In

Several equities analysts have commented on OGS shares. UBS Group cut their price target on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Stifel Nicolaus raised their target price on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, February 24th. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 3rd. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Finally, Bank of America raised 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. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ONE Gas has an average rating of “Hold” and a consensus price target of $86.88.

Insider Buying and Selling at ONE Gas

In other news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the transaction, the insider owned 2,246 shares in the company, valued at approximately $194,144.24. The trade was a 30.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.38% of the company’s stock.

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.