Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 17,326 Shares of ONE Gas, Inc. $OGS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in ONE Gas, Inc. (NYSE:OGS – Free Report) by 14.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,420 shares of the utilities provider’s stock after selling 17,326 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in ONE Gas were worth $9,166,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ONE Gas by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock worth $2,534,000 after acquiring an additional 1,461 shares during the last quarter. NewEdge Advisors LLC raised its position in ONE Gas by 895.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,985 shares of the utilities provider’s stock valued at $226,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC boosted its stake in ONE Gas by 9.8% in the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock worth $442,000 after purchasing an additional 522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in ONE Gas by 18.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 219,598 shares of the utilities provider’s stock worth $16,599,000 after purchasing an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of ONE Gas during the first quarter worth $5,876,000. 88.71% of the stock is owned by institutional investors.

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ONE Gas Stock Up 1.5%

NYSE:OGS opened at $80.38 on Tuesday. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 18.14, a P/E/G ratio of 2.69 and a beta of 0.66. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.48 and a current ratio of 0.57. The stock’s fifty day moving average price is $79.61 and its two-hundred day moving average price is $82.35. ONE Gas, Inc. has a 52-week low of $71.71 and a 52-week high of $90.78.

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

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 18th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Monday, May 18th. ONE Gas’s dividend payout ratio (DPR) is presently 61.40%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. BTIG Research started coverage on ONE Gas in a research note on Friday, June 12th. They issued a “buy” rating and a $93.00 target price for the company. Capital One Financial set a $93.00 price target on shares of ONE Gas in a research report on Friday, June 12th. Truist Financial decreased their price objective on shares of ONE Gas from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Mizuho lowered their price objective on shares of ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded shares of ONE Gas from a “hold” rating to a “sell” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $89.90.

Get Our Latest Analysis on ONE Gas

About ONE Gas

(Free Report)

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.

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