Linden Thomas Advisory Services LLC Sells 149 Shares of ONE Gas, Inc. $OGS

Linden Thomas Advisory Services LLC decreased its position in shares of ONE Gas, Inc. (NYSE:OGS) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,925 shares of the utilities provider’s stock after selling 149 shares during the period. Linden Thomas Advisory Services LLC’s holdings in ONE Gas were worth $1,073,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. KBC Group NV increased its position in ONE Gas by 21.6% during the 1st quarter. KBC Group NV now owns 2,697 shares of the utilities provider’s stock worth $204,000 after buying an additional 479 shares during the period. Teacher Retirement System of Texas increased its position in ONE Gas by 369.2% during the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider’s stock worth $1,525,000 after buying an additional 15,873 shares during the period. Advisors Capital Management LLC bought a new position in ONE Gas during the 1st quarter worth $562,000. GAMMA Investing LLC increased its position in ONE Gas by 102.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider’s stock worth $102,000 after buying an additional 682 shares during the period. Finally, AQR Capital Management LLC increased its position in ONE Gas by 21.2% during the 1st quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider’s stock worth $5,354,000 after buying an additional 12,392 shares during the period. Institutional investors own 88.71% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group increased their price objective on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research report on Saturday. Morgan Stanley restated an “outperform” rating and issued a $72.00 price target on shares of ONE Gas in a research report on Wednesday. Finally, Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $77.00 to $86.00 in a research report on Friday, September 26th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.69.

ONE Gas Stock Up 0.8%

Shares of NYSE OGS opened at $82.86 on Monday. The stock’s fifty day moving average is $77.95 and its 200 day moving average is $75.76. The stock has a market capitalization of $4.97 billion, a P/E ratio of 19.78, a PEG ratio of 3.28 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $83.27.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were paid a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.2%. ONE Gas’s dividend payout ratio (DPR) is 63.96%.

About ONE Gas

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.