Brian Brumfield Sells 1,000 Shares of ONE Gas (NYSE:OGS) Stock

ONE Gas, Inc. (NYSE:OGS) insider Brian Brumfield sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $86.44, for a total transaction of $86,440.00. Following the completion of the transaction, the insider directly owned 2,246 shares in the company, 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 SEC, which can be accessed through this hyperlink.

ONE Gas Stock Up 1.0%

Shares of OGS stock opened at $86.60 on Friday. 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, Inc. has a 12 month low of $69.75 and a 12 month high of $86.84. The stock has a market cap of $5.43 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.24 and a beta of 0.81. The company has a 50 day simple moving average of $80.21 and a two-hundred day simple moving average of $79.41.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data 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 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 revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. On average, research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be given a $0.68 dividend. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. This represents a $2.72 dividend on an annualized basis and a yield of 3.1%. ONE Gas’s dividend payout ratio (DPR) is currently 62.24%.

Institutional Investors Weigh In On ONE Gas

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in shares of ONE Gas in the fourth quarter worth $25,000. Triumph Capital Management grew its stake in ONE Gas by 247.0% during 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 bought a new stake in ONE Gas in the 4th quarter valued at $29,000. Torren Management LLC purchased a new stake in ONE Gas in the 4th quarter worth $31,000. Finally, Quarry LP lifted its stake in ONE Gas by 188.0% in the 4th 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. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley set a $79.00 price objective on ONE Gas in a research report on Friday, February 20th. Mizuho lifted their price target on shares of ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Stifel Nicolaus upped their price target on shares of ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday. Weiss Ratings cut shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 5th. Finally, UBS Group decreased their price objective on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.88.

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.