ONE Gas, Inc. $OGS Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. trimmed its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 45.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,814 shares of the utilities provider's stock after selling 10,775 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in ONE Gas were worth $969,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in OGS. Deutsche Bank AG boosted its holdings in shares of ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after purchasing an additional 310,460 shares during the last quarter. Allianz Asset Management GmbH raised its position in ONE Gas by 512.6% in the 1st quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after purchasing an additional 157,375 shares during the period. Bank of New York Mellon Corp raised its position in ONE Gas by 23.2% in the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock worth $59,492,000 after purchasing an additional 148,003 shares during the period. Vanguard Group Inc. increased its position in shares of ONE Gas by 2.3% during the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock worth $485,136,000 after acquiring an additional 147,186 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of ONE Gas during the first quarter worth approximately $8,278,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Up 0.3%

Shares of OGS stock traded up $0.2340 during trading hours on Wednesday, hitting $75.0440. The company had a trading volume of 489,037 shares, compared to its average volume of 529,977. The company's fifty day moving average is $73.33 and its 200 day moving average is $74.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25. The stock has a market capitalization of $4.50 billion, a PE ratio of 17.91, a price-to-earnings-growth ratio of 3.06 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The firm had revenue of $423.70 million for the quarter, compared to the consensus estimate of $432.69 million. During the same period in the prior year, the firm earned $0.48 EPS. The firm's revenue for the quarter was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be given a $0.67 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.6%. ONE Gas's dividend payout ratio is currently 63.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley reiterated an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Guggenheim lifted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, ONE Gas presently has a consensus rating of "Hold" and a consensus target price of $77.64.

ONE Gas Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.