8,609 Shares in ONE Gas, Inc. $OGS Purchased by Dynamic Technology Lab Private Ltd

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 acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,609 shares of the utilities provider's stock, valued at approximately $651,000.

Other large investors also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in ONE Gas by 69.1% during the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after acquiring an additional 257 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in ONE Gas during the fourth quarter worth $50,000. Farther Finance Advisors LLC raised its position in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after acquiring an additional 530 shares during the period. Wealth Preservation Advisors LLC acquired a new position in ONE Gas during the first quarter worth $76,000. Finally, GAMMA Investing LLC raised its position in ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after acquiring an additional 682 shares during the period. 88.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ONE Gas Price Performance

Shares of ONE Gas stock traded down $0.23 during trading hours on Friday, reaching $75.73. 294,625 shares of the company's stock were exchanged, compared to its average volume of 403,574. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25. The company has a market capitalization of $4.54 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.85. The business has a fifty day moving average of $74.48 and a two-hundred day moving average of $74.60. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74.

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, hitting analysts' consensus estimates of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. During the same quarter in the prior year, the firm earned $0.48 earnings per share. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. As a group, research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas's dividend payout ratio is presently 63.96%.

ONE Gas 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.