First Eagle Investment Management LLC Trims Stock Position in ONE Gas, Inc. $OGS

First Eagle Investment Management LLC decreased its holdings in ONE Gas, Inc. (NYSE:OGS) by 27.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,014 shares of the utilities provider’s stock after selling 38,600 shares during the quarter. First Eagle Investment Management LLC owned 0.17% of ONE Gas worth $7,259,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OGS. Vanguard Group Inc. raised its position in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock worth $485,136,000 after acquiring an additional 147,186 shares during the period. Wellington Management Group LLP increased its stake in shares of ONE Gas by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock worth $256,849,000 after purchasing an additional 33,210 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in ONE Gas by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock worth $162,645,000 after purchasing an additional 26,742 shares during the period. Boston Trust Walden Corp raised its holdings in ONE Gas by 1.7% in the 2nd quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock worth $76,952,000 after purchasing an additional 18,180 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in ONE Gas by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 814,742 shares of the utilities provider’s stock valued at $58,547,000 after purchasing an additional 27,713 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Up 1.0%

NYSE OGS opened at $82.28 on Friday. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $83.39. The company has a 50 day moving average price of $79.14 and a 200 day moving average price of $76.15. The company has a quick ratio of 0.42, a current ratio of 0.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.94 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 3.22 and a beta of 0.85.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $379.13 million for the quarter, compared to the consensus estimate of $404.19 million. ONE Gas had a net margin of 10.76% and a return on equity of 8.06%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Friday, November 14th will be issued a $0.67 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio (DPR) is currently 62.47%.

Analysts Set New Price Targets

OGS has been the subject of a number of analyst reports. Morgan Stanley restated an “outperform” rating and issued a $72.00 price target on shares of ONE Gas in a research report on Wednesday, October 22nd. Jefferies Financial Group increased their target price on shares of ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Finally, Mizuho upgraded shares of ONE Gas from a “neutral” rating to an “outperform” rating and lifted their price objective for the company 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.69.

ONE Gas Profile

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.