American Century Companies Inc. Increases Stock Position in ONE Gas, Inc. $OGS

American Century Companies Inc. lifted its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,816,387 shares of the utilities provider’s stock after buying an additional 202,189 shares during the period. American Century Companies Inc. owned about 6.36% of ONE Gas worth $308,899,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. raised its position in ONE Gas by 1,393.0% in the second quarter. Alliancebernstein L.P. now owns 1,597,487 shares of the utilities provider’s stock worth $114,795,000 after acquiring an additional 1,490,492 shares in the last quarter. Norges Bank purchased a new stake in shares of ONE Gas during the 2nd quarter worth $47,922,000. Squarepoint Ops LLC grew its stake in shares of ONE Gas by 187.1% during the 2nd quarter. Squarepoint Ops LLC now owns 550,521 shares of the utilities provider’s stock worth $39,560,000 after purchasing an additional 358,779 shares during the period. Marshall Wace LLP increased its holdings in shares of ONE Gas by 1,811.7% in the 2nd quarter. Marshall Wace LLP now owns 256,498 shares of the utilities provider’s stock valued at $18,432,000 after purchasing an additional 243,081 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of ONE Gas in the 2nd quarter valued at about $16,354,000. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Price Performance

OGS stock opened at $87.43 on Friday. The company has a market cap of $5.48 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81. The company has a current ratio of 0.60, a quick ratio of 0.48 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $80.41 and a two-hundred day moving average price of $79.50. ONE Gas, Inc. has a 12-month low of $69.75 and a 12-month high of $87.84.

ONE Gas (NYSE:OGS) last released its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.06. ONE Gas had a return on equity of 8.24% and a net margin of 10.89%.The business had revenue of $689.37 million for the quarter, compared to analyst estimates of $990.44 million. During the same period in the previous year, the company posted $1.34 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s dividend payout ratio (DPR) is presently 62.24%.

Insiders Place Their Bets

In related news, insider Brian F. Brumfield sold 1,000 shares of the stock in a transaction 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 completion of the sale, the insider directly owned 2,246 shares in the company, valued at approximately $194,144.24. This represents a 30.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on OGS shares. Weiss Ratings downgraded shares of ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 5th. Morgan Stanley set a $79.00 price target on ONE Gas in a research note on Friday, February 20th. UBS Group dropped their price objective on ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Stifel Nicolaus lifted their price objective on ONE Gas from $88.00 to $90.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Mizuho upped their target price on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Four equities 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, ONE Gas has an average rating of “Hold” and a consensus target price of $86.88.

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.