Sprinkle Financial Consultants LLC Sells 15,000 Shares of ONE Gas, Inc. $OGS

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

A number of other large investors have also bought and sold shares of the business. Nuveen LLC bought a new position in shares of ONE Gas during the 1st quarter worth approximately $29,697,000. Aberdeen Group plc grew its stake in shares of ONE Gas by 80.6% during the 1st quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider's stock worth $35,378,000 after acquiring an additional 208,944 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of ONE Gas by 512.6% during the 1st quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after acquiring an additional 157,375 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of ONE Gas by 23.2% during 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 acquiring an additional 148,003 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of ONE Gas by 2.3% during the 1st 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 in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

Shares of OGS traded up $0.93 during midday trading on Tuesday, reaching $76.96. 117,369 shares of the stock were exchanged, compared to its average volume of 508,812. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The company has a market cap of $4.62 billion, a P/E ratio of 18.37, a PEG ratio of 3.14 and a beta of 0.85. The stock's 50 day simple moving average is $74.76 and its 200 day simple moving average is $74.65.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $432.69 million. During the same quarter last year, the firm earned $0.48 earnings per share. The company's revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Analyst Ratings Changes

Separately, Morgan Stanley set a $71.00 price target on shares of ONE Gas and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.64.

ONE Gas Company 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.