Segall Bryant & Hamill LLC Sells 33,701 Shares of ONE Gas, Inc. $OGS

Segall Bryant & Hamill LLC lowered its stake in ONE Gas, Inc. (NYSE:OGS) by 49.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,268 shares of the utilities provider’s stock after selling 33,701 shares during the period. Segall Bryant & Hamill LLC’s holdings in ONE Gas were worth $2,952,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in OGS. Alliancebernstein L.P. raised 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 valued at $114,795,000 after purchasing an additional 1,490,492 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of ONE Gas by 37.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,398,440 shares of the utilities provider’s stock worth $108,029,000 after purchasing an additional 380,668 shares during the period. Energy Income Partners LLC boosted its holdings in shares of ONE Gas by 1.1% in the 1st quarter. Energy Income Partners LLC now owns 1,331,076 shares of the utilities provider’s stock worth $114,646,000 after purchasing an additional 14,085 shares during the period. Boston Trust Walden Corp increased its position in shares of ONE Gas by 5.3% during the 4th quarter. Boston Trust Walden Corp now owns 1,103,732 shares of the utilities provider’s stock valued at $85,263,000 after purchasing an additional 55,507 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of ONE Gas by 28.2% during the 4th quarter. Morgan Stanley now owns 992,430 shares of the utilities provider’s stock valued at $76,665,000 after purchasing an additional 218,571 shares during the last quarter. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OGS has been the topic of several recent research reports. Wall Street Zen lowered ONE Gas from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Truist Financial dropped their price objective on shares of ONE Gas from $95.00 to $89.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Wolfe Research assumed coverage on shares of ONE Gas in a research report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 10th. Finally, BTIG Research reissued a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, ONE Gas currently has a consensus rating of “Hold” and an average price target of $89.70.

ONE Gas Price Performance

Shares of OGS stock opened at $77.43 on Wednesday. The stock has a 50 day moving average price of $78.13 and a 200 day moving average price of $82.56. ONE Gas, Inc. has a 52-week low of $71.71 and a 52-week high of $90.78. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market capitalization of $4.86 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.58 and a beta of 0.66.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.The company had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. During the same quarter in the prior year, the company posted $0.53 EPS. ONE Gas’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, sell-side analysts predict that ONE Gas, Inc. will post 4.88 earnings per share for the current year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, August 17th. ONE Gas’s payout ratio is currently 61.40%.

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.