ONE Gas (NYSE:OGS) Insider Brian Brumfield Sells 1,000 Shares

ONE Gas, Inc. (NYSE:OGS) insider Brian Brumfield sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $86.44, for a total value of $86,440.00. Following the completion of the sale, the insider owned 2,246 shares in the company, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

ONE Gas Trading Up 0.5%

Shares of OGS stock traded up $0.40 on Wednesday, hitting $85.79. The company had a trading volume of 374,029 shares, compared to its average volume of 466,641. ONE Gas, Inc. has a twelve month low of $69.75 and a twelve month high of $86.79. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. The firm has a market cap of $5.38 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.25 and a beta of 0.81. The stock’s 50-day moving average is $79.91 and its two-hundred day moving average is $79.32.

ONE Gas (NYSE:OGS) last announced its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The business had revenue of $689.37 million for the quarter, compared to analysts’ expectations of $990.44 million. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s payout ratio is currently 62.24%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OGS. Stifel Nicolaus boosted their target price on shares of ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday. Bank of America increased their price target on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Morgan Stanley set a $79.00 price objective on ONE Gas in a research note on Friday, February 20th. UBS Group cut their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Finally, Weiss Ratings cut ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $86.88.

Institutional Investors Weigh In On ONE Gas

Institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ONE Gas by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,528 shares of the utilities provider’s stock valued at $2,534,000 after acquiring an additional 1,461 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of ONE Gas by 895.0% in the first 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 in the last quarter. Empowered Funds LLC boosted its position in shares of ONE Gas by 9.8% during the first quarter. Empowered Funds LLC now owns 5,848 shares of the utilities provider’s stock valued at $442,000 after buying an additional 522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in ONE Gas by 18.7% during 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 buying an additional 34,647 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in ONE Gas during the first quarter worth $5,876,000. Institutional investors and hedge funds own 88.71% of the company’s stock.

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.