Nisa Investment Advisors LLC Reduces Position in ONE Gas, Inc. $OGS

Nisa Investment Advisors LLC trimmed its position in ONE Gas, Inc. (NYSE:OGS) by 40.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,397 shares of the utilities provider’s stock after selling 9,592 shares during the period. Nisa Investment Advisors LLC’s holdings in ONE Gas were worth $1,165,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caldwell Trust Co bought a new stake in ONE Gas in the 2nd quarter worth $33,000. Daiwa Securities Group Inc. purchased a new stake in shares of ONE Gas during the second quarter worth about $50,000. Avalon Trust Co bought a new stake in shares of ONE Gas in the second quarter worth about $51,000. UMB Bank n.a. grew its stake in shares of ONE Gas by 36.1% in the second quarter. UMB Bank n.a. now owns 856 shares of the utilities provider’s stock worth $62,000 after purchasing an additional 227 shares during the last quarter. Finally, Hantz Financial Services Inc. increased its holdings in ONE Gas by 5,362.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 874 shares of the utilities provider’s stock valued at $63,000 after purchasing an additional 858 shares during the period. 88.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OGS shares. Bank of America increased their price objective on ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. UBS Group decreased their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a report on Wednesday, December 17th. Jefferies Financial Group raised their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. 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. Finally, Weiss Ratings lowered shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.86.

ONE Gas Stock Up 0.3%

Shares of NYSE:OGS opened at $77.48 on Thursday. The firm has a market capitalization of $4.65 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.47 and a beta of 0.81. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47. The stock has a 50 day moving average price of $79.34 and a 200-day moving average price of $77.57. ONE Gas, Inc. has a 52-week low of $68.19 and a 52-week high of $83.96.

ONE Gas (NYSE:OGS) last released its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. The company had revenue of $379.13 million for the quarter, compared to analyst estimates of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.34 earnings per share. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. As a group, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Friday, November 14th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio (DPR) is presently 62.47%.

ONE Gas 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.