Crossmark Global Holdings Inc. reduced its position in ONE Gas, Inc. (NYSE:OGS – Free Report) by 6.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 141,928 shares of the utilities provider’s stock after selling 9,414 shares during the period. Crossmark Global Holdings Inc.’s holdings in ONE Gas were worth $10,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently modified their holdings of OGS. BlackRock Inc. bought a new position in ONE Gas in the second quarter valued at about $701,266,000. Energy Income Partners LLC purchased a new position in ONE Gas in the second quarter worth about $135,948,000. Bank of New York Mellon Corp boosted its position in ONE Gas by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 763,877 shares of the utilities provider’s stock worth $65,793,000 after purchasing an additional 16,697 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $44,011,000. Finally, Legal & General Group Plc bought a new stake in shares of ONE Gas during the 2nd quarter valued at about $23,103,000. Institutional investors own 88.71% of the company’s stock.
ONE Gas Trading Up 3.6%
Shares of NYSE:OGS opened at $78.23 on Friday. The stock has a 50 day moving average of $76.53 and a 200 day moving average of $79.71. The company has a market cap of $4.92 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 2.08 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. ONE Gas, Inc. has a 12-month low of $70.37 and a 12-month high of $90.78.
ONE Gas (NYSE:OGS – Get Free Report) last released its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.19. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The company had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities research analysts expect 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. Shareholders of record on Monday, August 17th were given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, August 17th. ONE Gas’s dividend payout ratio is presently 58.62%.
Analyst Ratings Changes
Several brokerages have recently weighed in on OGS. Morgan Stanley lowered their price objective on shares of ONE Gas from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Wall Street Zen lowered shares of ONE Gas from a “hold” rating to a “sell” rating in a research report on Saturday, October 10th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 target price for the company in a research report on Thursday, August 13th. Jefferies Financial Group cut shares of ONE Gas from a “buy” rating to a “hold” rating and reduced their target price for the company from $103.00 to $80.00 in a report on Wednesday, October 7th. Finally, Truist Financial decreased their price target on shares of ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $86.46.
Get Our Latest Stock Analysis on OGS
About ONE Gas
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