ONE Gas, Inc. $OGS Shares Sold by Susquehanna International Group LLP

Key Points

• Susquehanna International Group cut its ONE Gas stake by 74.5% in the second quarter, selling 19,221 shares and retaining 6,566 shares valued at approximately $506,000. Institutional investors collectively own 88.71% of the company.
• Analyst sentiment remains moderately positive, with six Buy and six Hold ratings and a consensus price target of $89.23, compared with the stock’s recent price of $79.30.
• ONE Gas exceeded quarterly earnings expectations, reporting $0.82 EPS versus the $0.63 estimate, while revenue declined 2.8% year over year. The company also paid a quarterly dividend of $0.68, equal to a 3.4% annualized yield.

Susquehanna International Group LLP lowered its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 74.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,566 shares of the utilities provider's stock after selling 19,221 shares during the period. Susquehanna International Group LLP's holdings in ONE Gas were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Triumph Capital Management lifted its position in shares of ONE Gas by 247.0% in the fourth quarter. Triumph Capital Management now owns 347 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 247 shares in the last quarter. Garner Asset Management Corp acquired a new stake in shares of ONE Gas in the fourth quarter worth approximately $29,000. Quarry LP increased its position in shares of ONE Gas by 188.0% during the fourth quarter. Quarry LP now owns 409 shares of the utilities provider's stock worth $32,000 after purchasing an additional 267 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of ONE Gas during the third quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC raised its stake in ONE Gas by 85.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 441 shares of the utilities provider's stock valued at $34,000 after purchasing an additional 203 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OGS has been the subject of a number of research reports. Weiss Ratings lowered shares of ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 10th. Wells Fargo & Company raised shares of ONE Gas from a "strong sell" rating to an "equal weight" rating and set a $85.00 price target on the stock in a research note on Thursday, August 6th. LADENBURG THALM/SH SH upgraded shares of ONE Gas from a "neutral" rating to a "buy" rating and set a $85.50 price target on the stock in a research report on Thursday, August 13th. Morgan Stanley cut their price objective on shares of ONE Gas from $86.00 to $82.00 and set an "equal weight" rating for the company in a report on Friday, August 21st. Finally, Mizuho decreased their target price on shares of ONE Gas from $94.00 to $89.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 9th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.23.

ONE Gas Stock Performance

NYSE:OGS opened at $79.30 on Tuesday. The company's 50-day moving average is $79.25 and its two-hundred day moving average is $82.62. ONE Gas, Inc. has a 1-year low of $74.06 and a 1-year high of $90.78. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.37. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 2.19 and a beta of 0.66.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.19. The business had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The business's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. Analysts forecast that ONE Gas, Inc. will post 4.91 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.68 dividend. The ex-dividend date was Monday, August 17th. This represents a $2.72 dividend on an annualized basis and a yield of 3.4%. ONE Gas's payout ratio is currently 58.62%.

About ONE Gas

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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