CWA Asset Management Group LLC Invests $2.04 Million in ONE Gas, Inc. $OGS

CWA Asset Management Group LLC bought a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,363 shares of the utilities provider’s stock, valued at approximately $2,037,000.

A number of other large investors have also recently bought and sold shares of OGS. GAMMA Investing LLC lifted its stake in ONE Gas by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 1,996 shares of the utilities provider’s stock valued at $154,000 after acquiring an additional 183 shares during the period. JPMorgan Chase & Co. increased its stake in shares of ONE Gas by 2.1% in the third quarter. JPMorgan Chase & Co. now owns 419,534 shares of the utilities provider’s stock worth $33,957,000 after acquiring an additional 8,491 shares during the period. Hudson Bay Capital Management LP purchased a new position in shares of ONE Gas during the third quarter worth $1,628,000. Swiss Life Asset Management Ltd purchased a new position in shares of ONE Gas during the third quarter worth $234,000. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of ONE Gas by 126.0% during the third quarter. CIBC Private Wealth Group LLC now owns 1,252 shares of the utilities provider’s stock worth $101,000 after purchasing an additional 698 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company’s stock.

Insider Transactions at ONE Gas

In other ONE Gas news, insider Brian F. Brumfield sold 1,000 shares of the 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 transaction, the insider owned 2,246 shares in the company, valued at approximately $194,144.24. This represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on OGS. 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 report on Thursday, December 4th. Mizuho lifted their price objective on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Stifel Nicolaus boosted their price objective on ONE Gas from $88.00 to $90.00 and gave the company a “hold” rating in a report on Tuesday, February 24th. UBS Group lowered their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research note on Wednesday, December 17th. Finally, Morgan Stanley set a $79.00 target price on ONE Gas in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, ONE Gas presently has a consensus rating of “Hold” and a consensus target price of $86.88.

ONE Gas Stock Down 2.7%

OGS stock opened at $83.80 on Friday. ONE Gas, Inc. has a one year low of $69.75 and a one year high of $88.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.48 and a current ratio of 0.60. The firm’s fifty day moving average is $83.16 and its 200 day moving average is $80.66. The firm has a market cap of $5.25 billion, a PE ratio of 19.18, a P/E/G ratio of 2.19 and a beta of 0.80.

ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Wednesday, February 18th. The utilities provider reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. ONE Gas had a net margin of 10.89% and a return on equity of 8.24%. The business had revenue of $689.37 million during the quarter, compared to the consensus estimate of $990.44 million. During the same quarter in the prior year, the firm posted $1.34 earnings per share. 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. On average, research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 6th. Investors of record on Friday, February 20th were issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from ONE Gas’s previous quarterly dividend of $0.67. ONE Gas’s payout ratio is currently 62.24%.

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.