ONE Gas, Inc. $OGS Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its holdings in ONE Gas, Inc. by 10.5%, now owning approximately 241,976 shares worth $18.29 million.
• Several hedge funds have increased their stakes in ONE Gas, with Teacher Retirement System of Texas raising its position by 369.2%, acquiring an additional 15,873 shares.
• ONE Gas announced a quarterly dividend of $0.67 per share, which equates to a 3.6% yield and will be paid on September 3rd.

Invesco Ltd. cut its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 241,976 shares of the utilities provider's stock after selling 28,258 shares during the quarter. Invesco Ltd. owned approximately 0.40% of ONE Gas worth $18,291,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in OGS. Raymond James Financial Inc. bought a new position in shares of ONE Gas during the fourth quarter valued at approximately $2,346,000. Guggenheim Capital LLC grew its holdings in ONE Gas by 4.1% in the 4th quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after buying an additional 269 shares in the last quarter. Jump Financial LLC bought a new position in ONE Gas in the 4th quarter worth approximately $536,000. GeoWealth Management LLC grew its holdings in ONE Gas by 1,689.7% in the 4th quarter. GeoWealth Management LLC now owns 2,255 shares of the utilities provider's stock worth $156,000 after buying an additional 2,129 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in ONE Gas by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock worth $66,824,000 after buying an additional 15,976 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OGS. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Guggenheim increased their price objective on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a report on Friday, May 9th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company increased their price objective on ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, ONE Gas presently has a consensus rating of "Hold" and an average price target of $77.64.

ONE Gas Price Performance

OGS traded down $1.6130 during trading on Monday, reaching $75.3770. The stock had a trading volume of 298,156 shares, compared to its average volume of 528,172. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 3.19 and a beta of 0.82. 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 1-year low of $66.38 and a 1-year high of $82.25. The stock has a 50 day moving average of $73.47 and a two-hundred day moving average of $74.27.

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

ONE Gas Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 18th. ONE Gas's dividend payout ratio is 63.96%.

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.