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

Intech Investment Management LLC decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 66.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,000 shares of the utilities provider’s stock after selling 53,760 shares during the quarter. Intech Investment Management LLC’s holdings in ONE Gas were worth $2,185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Alliancebernstein L.P. grew its stake in ONE Gas by 1,393.0% during 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 in the last quarter. Norges Bank purchased a new position in ONE Gas during the second quarter valued at approximately $47,922,000. Squarepoint Ops LLC increased its stake 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 buying an additional 358,779 shares during the period. Marshall Wace LLP lifted its position in ONE Gas by 1,811.7% in the 2nd quarter. Marshall Wace LLP now owns 256,498 shares of the utilities provider’s stock worth $18,432,000 after buying an additional 243,081 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of ONE Gas during the 2nd quarter valued at $16,354,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the transaction, the insider owned 2,246 shares of the company’s stock, valued at $194,144.24. The trade was a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.38% of the stock is owned by company insiders.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $87.17 on Wednesday. The stock has a market capitalization of $5.46 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.28 and a beta of 0.80. The business has a 50-day moving average of $80.80 and a two-hundred day moving average of $79.70. ONE Gas, Inc. has a fifty-two week low of $69.75 and a fifty-two week high of $87.84. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.48.

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

ONE Gas Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, February 20th. This is a boost from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio (DPR) is 62.24%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OGS shares. Bank of America upped their price target on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Stifel Nicolaus upped 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. Morgan Stanley set a $79.00 price target on ONE Gas in a report on Friday, February 20th. UBS Group lowered their price target on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Finally, Mizuho increased their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, ONE Gas presently has an average rating of “Hold” and a consensus price target of $86.88.

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.