3,846 Shares in ONE Gas, Inc. $OGS Bought by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. acquired 3,846 shares of ONE Gas, Inc. in Q1 2023, valued at around $292,000.
• Multiple hedge funds increased their holdings in ONE Gas, with Hsbc Holdings PLC raising its stake by 72.5%, now owning over 71,000 shares valued at $5.4 million.
• ONE Gas announced a quarterly dividend of $0.67 payable on September 3rd, with an annualized yield of 3.5% and a current payout ratio of approximately 63.96%.

Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,846 shares of the utilities provider's stock, valued at approximately $292,000.

A number of other hedge funds have also bought and sold shares of OGS. Coppell Advisory Solutions LLC bought a new stake in ONE Gas in the 4th quarter valued at about $26,000. UMB Bank n.a. raised its position in shares of ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after buying an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $50,000. Farther Finance Advisors LLC boosted its stake in shares of ONE Gas by 195.6% in the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after buying an additional 530 shares during the period. Finally, GAMMA Investing LLC grew 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 buying an additional 682 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

ONE Gas stock traded up $0.37 during mid-day trading on Friday, reaching $76.59. The company had a trading volume of 409,602 shares, compared to its average volume of 499,351. The business has a fifty day simple moving average of $73.89 and a 200 day simple moving average of $74.43. The company has a market cap of $4.60 billion, a P/E ratio of 18.28, a P/E/G ratio of 3.17 and a beta of 0.82. 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 current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. 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 prior year, the business 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. On average, equities research analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a report on Friday, May 9th. Guggenheim boosted their price target on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. 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. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company 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.