Wellington Management Group LLP Decreases Stake in ONE Gas, Inc. $OGS

Wellington Management Group LLP reduced its position in ONE Gas, Inc. (NYSE:OGS) by 75.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 650,349 shares of the utilities provider’s stock after selling 1,954,954 shares during the period. Wellington Management Group LLP owned 1.03% of ONE Gas worth $50,122,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OGS. Mackenzie Financial Corp increased its stake in shares of ONE Gas by 3.4% in the third quarter. Mackenzie Financial Corp now owns 3,759 shares of the utilities provider’s stock worth $304,000 after purchasing an additional 125 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in ONE Gas by 3.5% in the 4th quarter. Corient Private Wealth LLC now owns 4,018 shares of the utilities provider’s stock worth $312,000 after buying an additional 135 shares during the period. Parallel Advisors LLC boosted its holdings in ONE Gas by 16.3% in the 4th quarter. Parallel Advisors LLC now owns 1,006 shares of the utilities provider’s stock worth $78,000 after buying an additional 141 shares during the period. EverSource Wealth Advisors LLC grew its stake in ONE Gas by 25.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 799 shares of the utilities provider’s stock valued at $62,000 after buying an additional 161 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in ONE Gas by 0.4% in the 4th quarter. Captrust Financial Advisors now owns 40,602 shares of the utilities provider’s stock valued at $3,137,000 after buying an additional 164 shares in the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on OGS. Weiss Ratings downgraded ONE Gas from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 10th. Mizuho reduced their price target on ONE Gas from $94.00 to $89.00 and set an “outperform” rating for the company in a research report on Tuesday, June 9th. LADENBURG THALM/SH SH upgraded ONE Gas from a “neutral” rating to a “buy” rating and set a $85.50 price objective on the stock in a research note on Thursday, August 13th. Wolfe Research initiated coverage on ONE Gas in a report on Tuesday, May 26th. They set a “peer perform” rating on the stock. Finally, BTIG Research restated a “buy” rating and issued a $96.00 target price on shares of ONE Gas in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.23.

ONE Gas Stock Performance

ONE Gas stock opened at $80.51 on Friday. ONE Gas, Inc. has a 1-year low of $74.06 and a 1-year high of $90.78. The company has a current ratio of 0.48, a quick ratio of 0.37 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $5.06 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 2.20 and a beta of 0.67. The firm’s 50 day simple moving average is $79.37 and its 200 day simple moving average is $82.53.

ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Tuesday, August 4th. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. The firm had revenue of $411.64 million during the quarter, compared to the consensus estimate of $410.29 million. ONE Gas had a net margin of 12.47% and a return on equity of 8.81%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.53 EPS. ONE Gas has set its FY 2026 guidance at 4.830-4.950 EPS. As a group, analysts expect that ONE Gas, Inc. will post 4.91 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $2.72 annualized dividend and a yield of 3.4%. ONE Gas’s dividend payout ratio (DPR) is currently 58.62%.

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.