ONE Gas, Inc. $OGS Shares Sold by IFM Investors Pty Ltd

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 cut its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 46.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 SEC filing.

Other institutional investors have also made changes to their positions in the company. KBC Group NV increased its position in shares of ONE Gas by 21.6% during the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock valued at $204,000 after acquiring an additional 479 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in shares of 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 valued at $1,525,000 after purchasing an additional 15,873 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of ONE Gas by 102.7% in the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 682 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of ONE Gas by 1.8% in the first quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider's stock valued at $13,513,000 after purchasing an additional 3,085 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of ONE Gas in the first quarter valued at approximately $651,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Up 0.4%

NYSE OGS traded up $0.32 on Thursday, hitting $75.59. 380,404 shares of the stock were exchanged, compared to its average volume of 342,705. 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, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $82.25. The company has a market cap of $4.54 billion, a PE ratio of 18.04, a PEG ratio of 3.12 and a beta of 0.85. The company has a 50-day moving average price of $74.67 and a 200-day moving average price of $74.61.

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 company had revenue of $423.70 million during the quarter, compared to analysts' expectations of $432.69 million. During the same quarter in the previous year, the business posted $0.48 EPS. The firm's revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley set a $71.00 price objective on shares of ONE Gas and gave the company an "outperform" rating in a report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, ONE Gas presently has a consensus rating of "Moderate Buy" and an average price target of $77.64.

ONE Gas 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.