ONE Gas, Inc. $OGS Shares Sold by Sprinkle Financial Consultants LLC

Key Points

• Sprinkle Financial Consultants LLC has reduced its holdings in ONE Gas, Inc. by 29.3%, selling 15,000 shares, and now holds 36,176 shares that make up 1.6% of its portfolio.
• ONE Gas reported a net margin of 10.63% and a revenue of $423.70 million for the quarter, which was below analysts' expectations of $432.69 million.
• The company set a FY 2025 EPS guidance of $4.320-4.420 and currently has a price-to-earnings ratio of 18.07.

Sprinkle Financial Consultants LLC decreased its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 29.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,176 shares of the utilities provider's stock after selling 15,000 shares during the quarter. ONE Gas comprises about 1.6% of Sprinkle Financial Consultants LLC's portfolio, making the stock its 16th biggest position. Sprinkle Financial Consultants LLC owned approximately 0.06% of ONE Gas worth $2,600,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. KBC Group NV boosted its position in shares of ONE Gas by 21.6% in the 1st quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after purchasing an additional 479 shares in the last quarter. Teacher Retirement System of Texas raised its stake in ONE Gas by 369.2% in the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock worth $1,525,000 after acquiring an additional 15,873 shares during the last quarter. GAMMA Investing LLC raised its stake in ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after acquiring an additional 682 shares during the last quarter. Advisors Capital Management LLC purchased a new position in ONE Gas in the 1st quarter worth $562,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in ONE Gas in the 1st quarter worth $651,000. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Trading Up 0.2%

OGS stock opened at $75.70 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25. The stock has a market cap of $4.54 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.14 and a beta of 0.85. The business's 50-day moving average is $74.72 and its 200 day moving average is $74.63.

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

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, August 18th. ONE Gas's payout ratio is presently 63.96%.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $71.00 target price on ONE Gas and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.