American Century Companies Inc. Sells 198,473 Shares of ONE Gas, Inc. $OGS

Key Points

• American Century Companies Inc. has decreased its stake in ONE Gas, Inc. by 5.0%, now holding approximately 6.35% of the company.
• ONE Gas recently declared a $0.67 quarterly dividend, representing an annualized yield of 3.5%.
• The company reported a 19.7% increase in quarterly revenue year-over-year, with a net margin of 10.63% and a return on equity of 8.07%.

American Century Companies Inc. reduced its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,806,195 shares of the utilities provider's stock after selling 198,473 shares during the period. American Century Companies Inc. owned approximately 6.35% of ONE Gas worth $287,710,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in ONE Gas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock worth $485,136,000 after buying an additional 147,186 shares during the period. T. Rowe Price Investment Management Inc. increased its position in ONE Gas by 1.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock worth $147,152,000 after buying an additional 25,145 shares during the period. Dimensional Fund Advisors LP increased its position in ONE Gas by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock worth $66,824,000 after buying an additional 15,976 shares during the period. Deutsche Bank AG increased its position in shares of ONE Gas by 60.7% during the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after purchasing an additional 310,460 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of ONE Gas by 23.2% during the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after purchasing an additional 148,003 shares during the period. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OGS has been the topic of a number of research reports. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim boosted their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $77.64.

ONE Gas Stock Up 1.0%

OGS stock traded up $0.71 during mid-day trading on Tuesday, reaching $74.72. The company had a trading volume of 711,930 shares, compared to its average volume of 530,238. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a 50 day simple moving average of $73.32 and a two-hundred day simple moving average of $74.14. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 3.13 and a beta of 0.82. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same period in the previous year, the company posted $0.48 EPS. The firm'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, equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be paid a $0.67 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.6%. ONE Gas's payout ratio is 63.96%.

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.