Invesco Ltd. Sells 28,258 Shares of ONE Gas, Inc. $OGS

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 holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 241,976 shares of the utilities provider's stock after selling 28,258 shares during the period. Invesco Ltd. owned approximately 0.40% of ONE Gas worth $18,291,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of OGS. Deutsche Bank AG grew its stake in shares of ONE Gas by 60.7% in the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after acquiring an additional 310,460 shares in the last quarter. Allianz Asset Management GmbH grew its stake in shares of ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock valued at $14,217,000 after acquiring an additional 157,375 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of ONE Gas by 23.2% in the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after acquiring an additional 148,003 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock valued at $485,136,000 after acquiring an additional 147,186 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of ONE Gas in the first quarter valued at about $8,278,000. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of OGS traded up $1.21 during mid-day trading on Wednesday, reaching $76.51. The company had a trading volume of 419,924 shares, compared to its average volume of 504,112. The company's 50 day simple moving average is $73.71 and its 200 day simple moving average is $74.33. ONE Gas, Inc. has a 1-year low of $66.38 and a 1-year 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 company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 3.12 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $432.69 million. During the same period last year, the company posted $0.48 EPS. The firm's quarterly 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. Analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business 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 $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, August 18th. ONE Gas's dividend payout ratio (DPR) is presently 63.96%.

Wall Street Analyst Weigh In

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