Squarepoint Ops LLC Sells 140,532 Shares of ONE Gas, Inc. $OGS

Squarepoint Ops LLC lowered its holdings in ONE Gas, Inc. (NYSE:OGS) by 46.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 163,212 shares of the utilities provider’s stock after selling 140,532 shares during the quarter. Squarepoint Ops LLC owned about 0.26% of ONE Gas worth $12,579,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Amundi raised its stake in shares of ONE Gas by 189.7% in the first quarter. Amundi now owns 20,117 shares of the utilities provider’s stock worth $1,733,000 after acquiring an additional 13,174 shares during the last quarter. Energy Income Partners LLC acquired a new position in shares of ONE Gas during the second quarter worth approximately $135,948,000. BlackRock Inc. bought a new stake in shares of ONE Gas during the second quarter valued at approximately $701,266,000. Fifth Third Bancorp grew its stake in shares of ONE Gas by 2,807.9% during the first quarter. Fifth Third Bancorp now owns 20,355 shares of the utilities provider’s stock valued at $1,753,000 after purchasing an additional 19,655 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in shares of ONE Gas by 314.3% in the fourth quarter. ExodusPoint Capital Management LP now owns 210,820 shares of the utilities provider’s stock valued at $16,286,000 after purchasing an additional 159,934 shares in the last quarter. Institutional investors own 88.71% of the company’s stock.

ONE Gas Price Performance

ONE Gas stock opened at $79.01 on Thursday. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $4.97 billion, a P/E ratio of 17.03, a PEG ratio of 2.22 and a beta of 0.67. The business has a 50-day moving average of $79.53 and a 200-day moving average of $82.37. ONE Gas, Inc. has a 1 year low of $74.42 and a 1 year high of $90.78.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million for the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. ONE Gas’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities analysts anticipate that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 17th. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

Analyst Ratings Changes

OGS has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of ONE Gas from a “strong sell” rating to an “equal weight” rating and set a $85.00 price objective for the company in a research report on Thursday, August 6th. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Morgan Stanley dropped their target price on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating for the company in a research report on Friday, August 21st. Mizuho cut their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 9th. Finally, Truist Financial decreased their price target on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $89.23.

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.