First Trust Advisors LP Cuts Position in ONE Gas, Inc. $OGS

Key Points

• First Trust Advisors LP trimmed its stake in ONE Gas by 1.8% to 631,994 shares (about $51.15M), and institutional investors collectively own roughly 88.71% of the company.
• ONE Gas beat EPS expectations ($1.48 vs. $1.42) but reported revenue of $689.4M below the cited estimate, and set FY2026 guidance at $4.83–$4.95 EPS.
• The company raised its quarterly dividend to $0.68 (annualized $2.72, ~3.2% yield), while analysts have an average rating of "Hold" with a consensus price target of $86.88.

First Trust Advisors LP decreased its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 631,994 shares of the utilities provider's stock after selling 11,863 shares during the period. First Trust Advisors LP owned approximately 1.05% of ONE Gas worth $51,154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in OGS. Allianz Asset Management GmbH grew its holdings in ONE Gas by 23.4% in the third quarter. Allianz Asset Management GmbH now owns 103,050 shares of the utilities provider's stock valued at $8,341,000 after purchasing an additional 19,522 shares during the last quarter. Rhumbline Advisers increased its position in shares of ONE Gas by 7.9% in the second quarter. Rhumbline Advisers now owns 220,651 shares of the utilities provider's stock valued at $15,856,000 after buying an additional 16,249 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of ONE Gas by 269.0% during the 3rd quarter. Federated Hermes Inc. now owns 42,902 shares of the utilities provider's stock worth $3,472,000 after buying an additional 31,275 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of ONE Gas in the 2nd quarter worth about $2,542,000. Finally, Burk Holdings LLC purchased a new stake in shares of ONE Gas in the 2nd quarter worth about $239,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Insider Transactions at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction that occurred on 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 directly owned 2,246 shares of the company's stock, valued at approximately $194,144.24. The trade was a 30.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on OGS shares. Stifel Nicolaus raised 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, February 24th. Morgan Stanley set a $79.00 price target on shares of ONE Gas in a report on Friday, February 20th. Bank of America increased their price target on shares of ONE Gas from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, December 4th. UBS Group dropped their price objective on shares of ONE Gas from $86.00 to $83.00 and set a "neutral" rating for the company in a research note on Wednesday, December 17th. Finally, Mizuho lifted their price objective on ONE Gas from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus price target of $86.88.

ONE Gas Trading Down 0.2%

ONE Gas stock opened at $86.06 on Thursday. The stock has a 50-day moving average price of $81.86 and a 200 day moving average price of $80.16. ONE Gas, Inc. has a 52 week low of $69.75 and a 52 week high of $87.88. The stock has a market cap of $5.39 billion, a PE ratio of 19.69, a P/E/G ratio of 2.25 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68.

ONE Gas (NYSE:OGS - Get Free Report) last released its earnings results on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $689.37 million for the quarter, compared to analyst estimates of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The firm's quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Equities research analysts predict 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 was paid on Friday, March 6th. Investors of record on Friday, February 20th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from ONE Gas's previous quarterly dividend of $0.67. This represents a $2.72 annualized dividend and a dividend yield of 3.2%. ONE Gas's payout ratio is currently 62.24%.

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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