IFM Investors Pty Ltd Trims Position in ONE Gas, Inc. $OGS

Key Points

• IFM Investors Pty Ltd sold 3,453 shares of ONE Gas, Inc., reducing its holdings by 46.4% to 3,981 shares, valued at approximately $301,000.
• ONE Gas reported a 19.7% increase in year-over-year revenue, achieving $423.70 million in the latest quarter, and earnings per share of $0.53, matching analyst expectations.
• The company announced a quarterly dividend of $0.67, providing an annualized yield of 3.5% and a payout ratio of 63.96%.

IFM Investors Pty Ltd lowered its position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 46.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,981 shares of the utilities provider's stock after selling 3,453 shares during the period. IFM Investors Pty Ltd's holdings in ONE Gas were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in OGS. Ameriprise Financial Inc. increased its position in shares of ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after purchasing an additional 154 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of ONE Gas by 51.1% during the fourth quarter. BNP Paribas Financial Markets now owns 24,377 shares of the utilities provider's stock valued at $1,688,000 after purchasing an additional 8,249 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of ONE Gas by 31.9% during the fourth quarter. Bank of America Corp DE now owns 196,429 shares of the utilities provider's stock worth $13,603,000 after purchasing an additional 47,516 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of ONE Gas by 19.4% in the fourth quarter. Cetera Investment Advisers now owns 17,561 shares of the utilities provider's stock valued at $1,216,000 after buying an additional 2,853 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in ONE Gas by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,067 shares of the utilities provider's stock worth $2,221,000 after buying an additional 1,218 shares during the period. Institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of NYSE OGS traded up $0.93 during mid-day trading on Wednesday, reaching $75.62. 125,056 shares of the company were exchanged, compared to its average volume of 510,617. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $82.25. The company's 50 day moving average price is $74.59 and its 200 day moving average price is $74.61. The stock has a market capitalization of $4.54 billion, a PE ratio of 18.02, a PEG ratio of 3.15 and a beta of 0.85. 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 posted its quarterly 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 net margin of 10.63% and a return on equity of 8.07%. The firm had revenue of $423.70 million for the quarter, compared to the consensus estimate of $432.69 million. During the same period last year, the firm posted $0.48 earnings per share. The business's revenue 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. Sell-side analysts forecast 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 was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Monday, August 18th. ONE Gas's dividend payout ratio is currently 63.96%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $71.00 price objective on 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 given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus 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.