AQR Capital Management LLC Acquires 12,392 Shares of ONE Gas, Inc. $OGS

Key Points

• AQR Capital Management LLC increased its stake in ONE Gas, Inc. by 21.2% in the first quarter, holding 70,834 shares valued at $5.35 million.
• ONE Gas declared a quarterly dividend of $0.67 per share, representing an annualized dividend yield of 3.5%.
• The company's latest quarterly earnings report showed a 19.7% year-over-year revenue increase, reaching $423.7 million, with an EPS of $0.53 that met analysts' expectations.

AQR Capital Management LLC lifted its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 21.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,834 shares of the utilities provider's stock after purchasing an additional 12,392 shares during the period. AQR Capital Management LLC owned 0.12% of ONE Gas worth $5,354,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV raised its position in ONE Gas by 21.6% in the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after acquiring an additional 479 shares during the period. Teacher Retirement System of Texas raised its position in ONE Gas by 369.2% in the first quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock worth $1,525,000 after acquiring an additional 15,873 shares during the period. GAMMA Investing LLC raised its position in ONE Gas by 102.7% in 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. Principal Financial Group Inc. raised its position in ONE Gas by 1.8% in the first quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider's stock worth $13,513,000 after acquiring an additional 3,085 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in ONE Gas in the first quarter worth about $733,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of OGS traded up $0.32 during trading hours on Thursday, hitting $75.59. The company's stock had a trading volume of 380,404 shares, compared to its average volume of 342,705. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 3.12 and a beta of 0.85. 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 business has a 50 day simple moving average of $74.67 and a two-hundred day simple moving average of $74.61. 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 quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $423.70 million during 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%. ONE Gas's revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

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

Analyst Ratings Changes

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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, ONE Gas presently has an average rating of "Moderate Buy" and a consensus target price of $77.64.

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.