Connor Clark & Lunn Investment Management Ltd. Boosts Holdings in ONE Gas, Inc. $OGS

Connor Clark & Lunn Investment Management Ltd. increased its position in ONE Gas, Inc. (NYSE:OGS) by 437.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,843 shares of the utilities provider’s stock after purchasing an additional 56,029 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in ONE Gas were worth $4,947,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Advisors Capital Management LLC acquired a new stake in shares of ONE Gas during the first quarter valued at about $562,000. AQR Capital Management LLC boosted its holdings in ONE Gas by 21.2% in the first quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider’s stock valued at $5,354,000 after purchasing an additional 12,392 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in ONE Gas during the 1st quarter valued at approximately $651,000. GSA Capital Partners LLP purchased a new stake in ONE Gas during the 1st quarter worth approximately $733,000. Finally, United Services Automobile Association purchased a new stake in ONE Gas during the 1st quarter worth approximately $277,000. 88.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on OGS. Jefferies Financial Group increased their target price on ONE Gas from $89.00 to $99.00 and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Morgan Stanley reissued an “outperform” rating and set a $72.00 price objective on shares of ONE Gas in a report on Wednesday, October 22nd. Mizuho raised shares of ONE Gas from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $77.00 to $86.00 in a research report on Friday, September 26th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of ONE Gas in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.69.

ONE Gas Stock Performance

Shares of OGS opened at $82.07 on Friday. The stock has a market capitalization of $4.92 billion, a PE ratio of 19.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.85. The business’s fifty day moving average price is $79.62 and its 200 day moving average price is $76.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.47 and a quick ratio of 0.33. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $83.39.

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

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Stockholders of record on Friday, November 14th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. ONE Gas’s dividend payout ratio is 62.47%.

ONE Gas Company 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.