15,331 ONE Gas, Inc. $OGS Shares Sold by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group reduced its ONE Gas position by 42.2%, selling 15,331 shares and retaining 20,978 shares valued at approximately $1.51 million. Institutional investors collectively own 88.71% of the company.
• Analyst sentiment is mixed, with six Buy ratings and seven Hold ratings; ONE Gas has an average rating of Hold and an average price target of $86.46, compared with a recent share price of $75.63.
• ONE Gas reported quarterly EPS of $0.82, beating estimates by $0.19, while revenue declined 2.8% year over year to $411.64 million. The company also maintains a quarterly dividend of $0.68 per share, yielding about 3.6% annually.

CWA Asset Management Group LLC lessened its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 42.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,978 shares of the utilities provider's stock after selling 15,331 shares during the period. CWA Asset Management Group LLC's holdings in ONE Gas were worth $1,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OGS. BlackRock Inc. bought a new stake in ONE Gas in the second quarter worth approximately $701,266,000. Energy Income Partners LLC acquired a new position in ONE Gas in the second quarter valued at approximately $135,948,000. Bank of New York Mellon Corp lifted its stake 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 valued at $65,793,000 after buying an additional 16,697 shares during the period. Bank of America Corp DE bought a new position in shares of ONE Gas during the 2nd quarter worth approximately $44,011,000. Finally, Legal & General Group Plc bought a new position in shares of ONE Gas during the 2nd quarter worth approximately $23,103,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on OGS shares. BTIG Research set a $89.00 price objective on shares of ONE Gas in a research report on Tuesday. Wells Fargo & Company upgraded shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price objective for the company in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of ONE Gas from a "hold" rating to a "sell" rating in a research report on Saturday, October 10th. Scotiabank initiated coverage on shares of ONE Gas in a research report on Tuesday, September 29th. They set a "sector outperform" rating and a $86.00 target price on the stock. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 target price on the stock in a research note on Thursday, August 13th. Six 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 an average rating of "Hold" and an average price target of $86.46.

ONE Gas Trading Up 0.0%

NYSE OGS opened at $75.63 on Thursday. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 2.08 and a beta of 0.64. ONE Gas, Inc. has a 52 week low of $70.37 and a 52 week high of $90.78. The business has a 50 day moving average price of $76.58 and a 200-day moving average price of $79.78. The company has a quick ratio of 0.37, a current ratio of 0.48 and a debt-to-equity ratio of 0.66.

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

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 17th. ONE Gas's payout ratio is 58.62%.

ONE Gas Profile

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