Dynamic Technology Lab Private Ltd Invests $651,000 in ONE Gas, Inc. $OGS

Key Points

• Dynamic Technology Lab Private Ltd acquired 8,609 shares of ONE Gas, Inc., valued at approximately $651,000, indicating continued interest from institutional investors.
• ONE Gas reported a 19.7% increase in revenue year-over-year, with a quarterly EPS of $0.53, aligning with analysts' expectations.
• The company recently announced a quarterly dividend of $0.67, reflecting a robust dividend yield of 3.6% and a payout ratio of 63.96%.

Dynamic Technology Lab Private Ltd bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,609 shares of the utilities provider's stock, valued at approximately $651,000.

A number of other large investors also recently modified their holdings of the stock. Ameriprise Financial Inc. lifted its holdings in shares of ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after purchasing an additional 154 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in ONE Gas by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider's stock worth $501,000 after acquiring an additional 175 shares during the period. State of Michigan Retirement System lifted its holdings in ONE Gas by 1.5% during the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock worth $1,028,000 after acquiring an additional 200 shares during the period. Louisiana State Employees Retirement System lifted its holdings in ONE Gas by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider's stock worth $1,202,000 after acquiring an additional 200 shares during the period. Finally, Albert D Mason Inc. lifted its holdings in ONE Gas by 1.1% during the first quarter. Albert D Mason Inc. now owns 22,744 shares of the utilities provider's stock worth $1,719,000 after acquiring an additional 238 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of NYSE OGS traded up $0.04 during mid-day trading on Monday, hitting $75.85. The stock had a trading volume of 37,180 shares, compared to its average volume of 512,890. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. The company has a 50 day moving average of $74.48 and a two-hundred day moving average of $74.61. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25. The firm has a market cap of $4.55 billion, a PE ratio of 18.10, a PEG ratio of 3.14 and a beta of 0.85.

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

ONE Gas Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas's dividend payout ratio is presently 63.96%.

Analyst Ratings Changes

Separately, Morgan Stanley set a $71.00 price target on ONE Gas and gave the stock an "outperform" rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, ONE Gas presently has an average rating of "Moderate Buy" and a consensus target price of $77.64.

About ONE Gas

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.