Trexquant Investment LP Purchases Shares of 37,923 ONE Gas, Inc. $OGS

Key Points

• Trexquant Investment LP has acquired a new stake in ONE Gas, Inc. by purchasing 37,923 shares valued at approximately $2.87 million, which represents 0.06% ownership of the company.
• ONE Gas recently reported $0.53 earnings per share (EPS), meeting analysts' expectations, while its revenue for the quarter was $423.70 million, a 19.7% increase compared to the previous year.
• The company declared a quarterly dividend of $0.67 per share, reflecting a dividend yield of 3.6%, with an annualized payout of $2.68.

Trexquant Investment LP acquired a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 37,923 shares of the utilities provider's stock, valued at approximately $2,867,000. Trexquant Investment LP owned approximately 0.06% of ONE Gas at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Nuveen LLC purchased a new position in shares of ONE Gas during the 1st quarter worth about $29,697,000. Deutsche Bank AG lifted its holdings in ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after buying an additional 310,460 shares during the last quarter. Aberdeen Group plc lifted its position in shares of ONE Gas by 80.6% in the 1st quarter. Aberdeen Group plc now owns 468,027 shares of the utilities provider's stock worth $35,378,000 after buying an additional 208,944 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of ONE Gas by 512.6% during the 1st quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after purchasing an additional 157,375 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in ONE Gas by 23.2% during the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock worth $59,492,000 after buying an additional 148,003 shares during the last quarter. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OGS has been the subject of several research analyst reports. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley set a $71.00 target price on ONE Gas and gave the company an "outperform" rating in a research note on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.64.

ONE Gas Stock Performance

NYSE OGS traded down $1.40 during midday trading on Monday, hitting $74.60. The company had a trading volume of 108,360 shares, compared to its average volume of 519,244. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $74.21 and a two-hundred day simple moving average of $74.58. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 3.15 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.53. The firm had revenue of $423.70 million for the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business's revenue for the quarter was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Equities analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas's dividend payout ratio is presently 63.96%.

ONE Gas Company Profile

ONE Gas, Inc, together with its subsidiaries, operates as a regulated natural gas distribution company in the United States. The company provides natural gas distribution services to approximately 2.3 million customers in Oklahoma, Kansas, and Texas. It serves residential, commercial, and transportation customers.