Connor Clark & Lunn Investment Management Ltd. Invests $4.34 Million in ONE Gas, Inc. $OGS

Key Points

• Connor Clark & Lunn Investment Management acquired 56,264 ONE Gas shares worth approximately $4.34 million, representing about 0.09% of the utility company. Institutional investors collectively own 88.71% of ONE Gas.
• ONE Gas reported quarterly EPS of $0.82, beating estimates of $0.63, while revenue reached $411.64 million but declined 2.8% year over year. The company’s fiscal 2026 EPS guidance is $4.83–$4.95.
• The company declared a quarterly dividend of $0.68 per share, or $2.72 annualized, yielding about 3.4%. Analysts maintain a “Moderate Buy” consensus with an average price target of $89.23, compared with the stock’s $79.75 opening price.

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 56,264 shares of the utilities provider's stock, valued at approximately $4,336,000. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.09% of ONE Gas at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Triumph Capital Management raised its stake in shares of ONE Gas by 247.0% during the 4th quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock worth $27,000 after purchasing an additional 247 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of ONE Gas during the 4th quarter valued at about $29,000. Torren Management LLC bought a new stake in shares of ONE Gas in the 4th quarter valued at approximately $31,000. Quarry LP grew its stake in shares of ONE Gas by 188.0% in the 4th quarter. Quarry LP now owns 409 shares of the utilities provider's stock valued at $32,000 after buying an additional 267 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in ONE Gas in the third quarter worth approximately $36,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of NYSE OGS opened at $79.75 on Friday. The business's 50-day simple moving average is $79.14 and its 200-day simple moving average is $82.66. 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 firm has a market cap of $5.01 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 2.23 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to analyst estimates of $410.29 million. ONE Gas had a return on equity of 8.81% and a net margin of 12.47%.The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 EPS. 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 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 17th. ONE Gas's payout ratio is presently 58.62%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 10th. Wolfe Research initiated coverage on shares of ONE Gas in a report on Tuesday, May 26th. They set a "peer perform" rating on the stock. Morgan Stanley cut their price target on shares of ONE Gas from $86.00 to $82.00 and set an "equal weight" rating on the stock in a report on Friday, August 21st. Finally, Truist Financial reduced their price objective on shares of ONE Gas from $89.00 to $87.00 and set a "buy" rating for the company in a research note on Thursday, August 13th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $89.23.

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.

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