Elo Mutual Pension Insurance Co Has $992,000 Holdings in ONE Gas, Inc. $OGS

Elo Mutual Pension Insurance Co lessened its holdings in ONE Gas, Inc. (NYSE:OGS) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,253 shares of the utilities provider’s stock after selling 5,942 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in ONE Gas were worth $992,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Capital Advisors Inc. OK lifted its position in ONE Gas by 7.1% during the 3rd quarter. Capital Advisors Inc. OK now owns 2,998 shares of the utilities provider’s stock worth $243,000 after buying an additional 200 shares in the last quarter. Cadent Capital Advisors LLC grew its stake in ONE Gas by 1.4% in the third quarter. Cadent Capital Advisors LLC now owns 15,150 shares of the utilities provider’s stock valued at $1,226,000 after purchasing an additional 203 shares in the last quarter. GAMMA Investing LLC increased its position in shares of ONE Gas by 23.8% during the 3rd quarter. GAMMA Investing LLC now owns 1,813 shares of the utilities provider’s stock worth $147,000 after purchasing an additional 349 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of ONE Gas by 34.9% during the 3rd 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 in the last quarter. Finally, Caldwell Trust Co acquired a new stake in shares of ONE Gas in the 2nd quarter valued at approximately $33,000. Institutional investors own 88.71% of the company’s stock.

Insiders Place Their Bets

In other ONE Gas 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 transaction of $86,440.00. Following the transaction, the insider owned 2,246 shares in the company, valued at $194,144.24. This trade represents a 30.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on OGS shares. Morgan Stanley set a $79.00 target price on shares of ONE Gas in a report on Friday, February 20th. Bank of America boosted their price objective on shares of ONE Gas from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. UBS Group cut their target price on shares of ONE Gas from $86.00 to $83.00 and set a “neutral” rating for the company in a research note on Wednesday, December 17th. Mizuho lifted their price target on ONE Gas from $87.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, December 3rd. Finally, Stifel Nicolaus upped their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a research note on Tuesday, February 24th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, ONE Gas has a consensus rating of “Hold” and a consensus target price of $86.88.

ONE Gas Stock Down 1.1%

Shares of OGS opened at $86.76 on Friday. The firm has a market cap of $5.44 billion, a P/E ratio of 19.85, a price-to-earnings-growth ratio of 2.29 and a beta of 0.80. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. ONE Gas, Inc. has a 52 week low of $69.75 and a 52 week high of $87.88. The firm’s 50-day simple moving average is $81.15 and its 200 day simple moving average is $79.81.

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, topping the consensus estimate of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The firm had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same period last year, the business posted $1.34 earnings per share. The business’s revenue for the quarter 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. On average, analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Increases Dividend

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