ONE Gas, Inc. $OGS Shares Sold by Kestra Investment Management LLC

Kestra Investment Management LLC reduced its holdings in ONE Gas, Inc. (NYSE:OGS) by 27.4% during the 4th quarter, Holdings Channel reports. The fund owned 16,873 shares of the utilities provider’s stock after selling 6,369 shares during the quarter. Kestra Investment Management LLC’s holdings in ONE Gas were worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in OGS. Alliancebernstein L.P. increased its position in ONE Gas by 1,393.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock valued at $114,795,000 after acquiring an additional 1,490,492 shares during the period. Squarepoint Ops LLC increased its position in ONE Gas by 187.1% in the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock valued at $39,560,000 after acquiring an additional 358,779 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in ONE Gas in the 2nd quarter valued at approximately $16,354,000. American Century Companies Inc. increased its position in ONE Gas by 5.6% in the 3rd quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after acquiring an additional 202,189 shares during the period. Finally, Energy Income Partners LLC increased its position in ONE Gas by 22.2% in the 3rd quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock valued at $68,495,000 after acquiring an additional 153,760 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on OGS. Wolfe Research began coverage on ONE Gas in a research report on Tuesday. They issued a “peer perform” rating on the stock. Truist Financial lowered their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Stifel Nicolaus increased their price target on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus price target of $89.50.

ONE Gas Stock Performance

OGS opened at $81.88 on Wednesday. The firm has a market cap of $5.14 billion, a PE ratio of 18.48, a P/E/G ratio of 2.80 and a beta of 0.72. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $86.40 and a 200-day simple moving average of $82.98. ONE Gas, Inc. has a fifty-two week low of $70.87 and a fifty-two week high of $90.78.

ONE Gas (NYSE:OGS) last released its earnings results on Monday, May 4th. The utilities provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a net margin of 11.77% and a return on equity of 8.45%. ONE Gas’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts predict that ONE Gas, Inc. will post 4.72 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm 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. The ex-dividend date is Monday, May 18th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is presently 61.40%.

About ONE Gas

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.