Wellington Management Group LLP Lowers Stock Position in ONE Gas, Inc. $OGS

Wellington Management Group LLP cut its stake in shares of ONE Gas, Inc. (NYSE:OGS) by 75.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 650,349 shares of the utilities provider’s stock after selling 1,954,954 shares during the quarter. Wellington Management Group LLP’s holdings in ONE Gas were worth $50,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Triumph Capital Management increased its holdings in shares of ONE Gas by 247.0% in the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider’s stock worth $27,000 after buying an additional 247 shares during the last quarter. Garner Asset Management Corp bought a new stake in shares of ONE Gas during the 4th quarter worth $29,000. Quarry LP lifted its holdings in shares of ONE Gas by 188.0% during the 4th quarter. Quarry LP now owns 409 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 267 shares during the last quarter. Smartleaf Asset Management LLC grew its position in ONE Gas by 85.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 203 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in ONE Gas in the third quarter valued at $36,000. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Wall Street Analyst Weigh In

OGS has been the topic of a number of research reports. Morgan Stanley lowered their price target on ONE Gas from $86.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Friday, August 21st. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective for the company in a report on Thursday, August 13th. Truist Financial reduced their price objective on ONE Gas from $89.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, August 13th. Capital One Financial set a $93.00 price objective on ONE Gas in a report on Friday, June 12th. Finally, Wolfe Research began coverage on ONE Gas in a research report on Tuesday, May 26th. They issued a “peer perform” rating for the company. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $89.23.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $80.51 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.37 and a current ratio of 0.48. ONE Gas, Inc. has a 52-week low of $74.06 and a 52-week high of $90.78. The company has a fifty day moving average of $79.37 and a 200-day moving average of $82.53. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67.

ONE Gas (NYSE:OGS) last issued its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.19. The company had revenue of $411.64 million for the quarter, compared to analysts’ expectations of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts expect that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a $0.68 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.72 annualized dividend and a dividend yield of 3.4%. ONE Gas’s payout ratio is currently 58.62%.

ONE Gas 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.