Clearbridge Investments LLC Sells 18,494 Shares of ONE Gas, Inc. $OGS

Clearbridge Investments LLC cut its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,836 shares of the utilities provider’s stock after selling 18,494 shares during the quarter. Clearbridge Investments LLC’s holdings in ONE Gas were worth $7,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWA Asset Management Group LLC bought a new position in shares of ONE Gas during the fourth quarter valued at $2,037,000. Hudson Bay Capital Management LP bought a new position in shares of ONE Gas in the third quarter worth approximately $1,628,000. Cresset Asset Management LLC bought a new position in shares of ONE Gas in the third quarter worth approximately $1,416,000. Ontario Teachers Pension Plan Board bought a new position in shares of ONE Gas in the third quarter worth approximately $2,233,000. Finally, SG Americas Securities LLC lifted its stake in shares of ONE Gas by 3,436.1% in the fourth quarter. SG Americas Securities LLC now owns 136,811 shares of the utilities provider’s stock worth $10,569,000 after buying an additional 132,942 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

OGS has been the topic of several analyst reports. Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. Mizuho reduced their target price on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a report on Tuesday. Wolfe Research assumed coverage on ONE Gas in a report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Truist Financial reduced their target price on ONE Gas from $99.00 to $95.00 and set a “buy” rating for the company in a report on Monday, May 18th. Finally, Weiss Ratings raised ONE Gas from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $89.38.

ONE Gas Trading Up 1.5%

NYSE:OGS opened at $77.12 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12 month low of $70.87 and a 12 month high of $90.78. The company has a market cap of $4.84 billion, a PE ratio of 17.41, a price-to-earnings-growth ratio of 2.58 and a beta of 0.66. The company has a 50 day simple moving average of $84.61 and a two-hundred day simple moving average of $82.67.

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

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is currently 61.40%.

ONE Gas Company 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.