Exencial Wealth Advisors LLC Cuts Holdings in ONE Gas, Inc. $OGS

Exencial Wealth Advisors LLC reduced its position in ONE Gas, Inc. (NYSE:OGS) by 31.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,583 shares of the utilities provider’s stock after selling 5,753 shares during the period. Exencial Wealth Advisors LLC’s holdings in ONE Gas were worth $904,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in OGS. Vanguard Group Inc. increased its stake in ONE Gas by 2.3% in the 1st 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 last quarter. Wellington Management Group LLP grew its holdings in shares of ONE Gas by 1.0% in the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock valued at $256,849,000 after purchasing an additional 33,210 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in ONE Gas by 1.3% in the first 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 last quarter. Boston Trust Walden Corp raised its stake in ONE Gas by 1.7% during the second quarter. Boston Trust Walden Corp now owns 1,070,858 shares of the utilities provider’s stock valued at $76,952,000 after purchasing an additional 18,180 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in ONE Gas by 23.2% during the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock valued at $59,492,000 after purchasing an additional 148,003 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OGS. Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a report on Wednesday, October 8th. Jefferies Financial Group lifted their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research report on Wednesday. Mizuho upgraded ONE Gas from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Morgan Stanley reaffirmed an “outperform” rating and issued a $72.00 price objective on shares of ONE Gas in a research note on Wednesday. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.69.

ONE Gas Stock Performance

Shares of NYSE:OGS opened at $82.24 on Friday. The firm’s 50 day simple moving average is $77.81 and its 200-day simple moving average is $75.64. 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 one year low of $66.38 and a one year high of $83.27. The firm has a market cap of $4.93 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 3.41 and a beta of 0.85.

ONE Gas (NYSE:OGS) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The company had revenue of $423.70 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, August 18th. ONE Gas’s payout ratio is presently 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.