Connors Investor Services Inc. Lowers Holdings in ONE Gas, Inc. $OGS

Connors Investor Services Inc. lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 23.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,305 shares of the utilities provider’s stock after selling 7,651 shares during the quarter. Connors Investor Services Inc.’s holdings in ONE Gas were worth $1,878,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new stake in shares of ONE Gas during the 4th quarter valued at $25,000. Garner Asset Management Corp purchased a new stake in shares of ONE Gas during the 4th quarter valued at $29,000. Torren Management LLC purchased a new stake in shares of ONE Gas during the 4th quarter valued at $31,000. American National Bank & Trust purchased a new stake in shares of ONE Gas during the 4th quarter valued at $33,000. Finally, Advisory Services Network LLC purchased a new stake in shares of ONE Gas during the 3rd quarter valued at $36,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Morgan Stanley set a $82.00 price objective on shares of ONE Gas in a research report on Thursday. Weiss Ratings upgraded shares of ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Truist Financial lowered their price objective on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of ONE Gas in a research report on Monday, May 11th. They set an “underweight” rating and a $85.00 price objective on the stock. Finally, Stifel Nicolaus raised their price objective on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, February 24th. Five research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ONE Gas currently has an average rating of “Hold” and an average target price of $89.50.

Insider Buying and Selling

In related news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the transaction, the insider owned 2,246 shares in the company, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.92% of the stock is currently owned by insiders.

ONE Gas Price Performance

Shares of NYSE:OGS opened at $82.46 on Friday. The stock has a market cap of $5.18 billion, a PE ratio of 18.61, a PEG ratio of 2.80 and a beta of 0.72. The company’s fifty day moving average is $86.59 and its 200 day moving average is $82.96. ONE Gas, Inc. has a 52 week low of $70.87 and a 52 week high of $90.78. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 0.66.

ONE Gas (NYSE:OGS) last issued its earnings results on Monday, May 4th. The utilities provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.13 by ($0.02). The business had revenue of $831.71 million during the quarter, compared to analysts’ expectations of $969.36 million. ONE Gas had a return on equity of 8.45% and a net margin of 11.77%.ONE Gas’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 business earned $1.99 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Research analysts anticipate that ONE Gas, Inc. will post 4.72 earnings per share for the current year.

ONE Gas Dividend Announcement

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

ONE Gas 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.