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

Kestra Investment Management LLC lowered its position in shares of ONE Gas, Inc. (NYSE:OGS) by 27.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of OGS. Alliancebernstein L.P. raised its stake 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 buying an additional 1,490,492 shares in the last quarter. Squarepoint Ops LLC raised its stake in ONE Gas by 187.1% during the second 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 in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in ONE Gas during the second quarter valued at approximately $16,354,000. American Century Companies Inc. raised its stake in ONE Gas by 5.6% during the third quarter. American Century Companies Inc. now owns 3,816,387 shares of the utilities provider’s stock valued at $308,899,000 after buying an additional 202,189 shares in the last quarter. Finally, Energy Income Partners LLC raised its stake in ONE Gas by 22.2% during the third quarter. Energy Income Partners LLC now owns 846,247 shares of the utilities provider’s stock valued at $68,495,000 after buying an additional 153,760 shares in the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Stock Down 0.8%

Shares of ONE Gas stock opened at $81.88 on Wednesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. The business’s 50 day simple moving average is $86.40 and its 200-day simple moving average is $82.98. The stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.80 and a beta of 0.72. ONE Gas, Inc. has a twelve month low of $70.87 and a twelve month high of $90.78.

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

ONE Gas Announces Dividend

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

Analyst Ratings Changes

OGS has been the topic of several research reports. Stifel Nicolaus upped their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Truist Financial dropped their price target 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. Weiss Ratings upgraded ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Wolfe Research assumed coverage on ONE Gas in a research report on Tuesday. They set a “peer perform” rating on the stock. Finally, Wall Street Zen cut ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $89.50.

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.