Quantbot Technologies LP Sells 24,779 Shares of ONE Gas, Inc. $OGS

Key Points

• Quantbot Technologies LP trimmed its position in ONE Gas by 70.1%, selling 24,779 shares in Q3 and leaving 10,594 shares worth about $857,000 per its SEC filing.
• Insider Brian F. Brumfield sold 1,000 shares at an average price of $86.44 on Feb. 24, cutting his stake by 30.81%; company insiders own roughly 1.20% of the stock.
• ONE Gas increased its quarterly dividend to $0.68 (annualized $2.72, ~3.1% yield), and analysts hold a MarketBeat consensus rating of "Hold" with an average price target of $86.88.

Quantbot Technologies LP trimmed its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 70.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,594 shares of the utilities provider's stock after selling 24,779 shares during the period. Quantbot Technologies LP's holdings in ONE Gas were worth $857,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Caldwell Trust Co purchased a new position in shares of ONE Gas during the second quarter worth approximately $33,000. Daiwa Securities Group Inc. bought a new position in shares of ONE Gas during the 2nd quarter valued at $50,000. Avalon Trust Co purchased a new position in ONE Gas in the 2nd quarter worth $51,000. Wilmington Savings Fund Society FSB raised its position in ONE Gas by 130.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,400 shares of the utilities provider's stock worth $113,000 after purchasing an additional 793 shares during the period. Finally, Farther Finance Advisors LLC lifted its stake in ONE Gas by 34.9% in the third quarter. Farther Finance Advisors LLC now owns 1,457 shares of the utilities provider's stock worth $118,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

Insiders Place Their Bets

In other news, insider Brian F. Brumfield sold 1,000 shares of ONE Gas stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total value of $86,440.00. Following the sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. This trade represents a 30.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America upped 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. Morgan Stanley set a $79.00 target price on ONE Gas in a research note on Friday, February 20th. Weiss Ratings cut ONE Gas from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, January 5th. Mizuho raised their price target on ONE Gas from $87.00 to $90.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 3rd. Finally, Stifel Nicolaus lifted their price target on ONE Gas from $88.00 to $90.00 and gave the stock a "hold" rating in a research note on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $86.88.

ONE Gas Price Performance

OGS stock opened at $87.02 on Friday. The firm's 50-day moving average price is $81.34 and its two-hundred day moving average price is $79.90. ONE Gas, Inc. has a 12-month low of $69.75 and a 12-month high of $87.88. The stock has a market capitalization of $5.46 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.27 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 issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 EPS for the quarter, beating the consensus estimate of $1.42 by $0.06. The firm had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.34 earnings per share. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were issued a $0.68 dividend. This is an increase from ONE Gas's previous quarterly dividend of $0.67. The ex-dividend date was Friday, February 20th. This represents a $2.72 annualized dividend and a yield of 3.1%. ONE Gas's dividend payout ratio (DPR) is 62.24%.

ONE Gas Company 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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