39,591 Shares in ONE Gas, Inc. $OGS Bought by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. has invested approximately $2.99 million in ONE Gas, Inc., acquiring 39,591 shares of the utilities provider's stock in the first quarter.
• ONE Gas reported earnings of $0.53 EPS for the last quarter, with revenues of $423.70 million, experiencing a 19.7% increase year-over-year.
• The company announced a quarterly dividend of $0.67 per share, which represents an annual yield of 3.5%, with a payout ratio of 63.96%.

Capital Fund Management S.A. purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 39,591 shares of the utilities provider's stock, valued at approximately $2,993,000. Capital Fund Management S.A. owned about 0.07% of ONE Gas at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of OGS. Raymond James Financial Inc. bought a new stake in shares of ONE Gas in the fourth quarter valued at approximately $2,346,000. Guggenheim Capital LLC raised its stake in shares of ONE Gas by 4.1% in the fourth quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after acquiring an additional 269 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ONE Gas by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after purchasing an additional 15,976 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of ONE Gas by 58.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,239 shares of the utilities provider's stock valued at $501,000 after purchasing an additional 2,666 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in ONE Gas by 528.5% in the fourth quarter. Hsbc Holdings PLC now owns 41,365 shares of the utilities provider's stock worth $2,856,000 after purchasing an additional 34,783 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

ONE Gas Trading Up 0.6%

OGS traded up $0.45 on Friday, hitting $76.67. 148,306 shares of the company were exchanged, compared to its average volume of 524,466. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $82.25. 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 firm has a fifty day simple moving average of $73.80 and a two-hundred day simple moving average of $74.37. The stock has a market capitalization of $4.60 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 3.17 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The business's revenue was up 19.7% on a year-over-year basis. During the same quarter last year, the business posted $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OGS shares. Wells Fargo & Company increased their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Morgan Stanley set a $71.00 price objective on ONE Gas and gave the company an "outperform" rating in a research note on Thursday, August 21st. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Guggenheim raised their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target 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.