Kestra Investment Management LLC Buys 5,667 Shares of ONE Gas, Inc. $OGS

Key Points

• Kestra Investment Management LLC increased its stake in ONE Gas, Inc. by 24.8% in Q1, owning a total of 28,553 shares valued at $2.16 million at the end of the quarter.
• ONE Gas reported $0.53 earnings per share for the most recent quarter, matching analyst expectations, and its quarterly revenue grew by 19.7% year-over-year.
• The company announced a quarterly dividend of $0.67, with an annualized yield of 3.5% and a payout ratio of 63.96%.

Kestra Investment Management LLC grew its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 24.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,553 shares of the utilities provider's stock after purchasing an additional 5,667 shares during the quarter. Kestra Investment Management LLC's holdings in ONE Gas were worth $2,158,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after buying an additional 257 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ONE Gas during the 4th quarter worth $50,000. Farther Finance Advisors LLC raised its stake in ONE Gas by 195.6% during the 1st quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after buying an additional 530 shares during the period. Wealth Preservation Advisors LLC acquired a new stake in ONE Gas during the 1st quarter worth $76,000. Finally, GAMMA Investing LLC raised its stake in ONE Gas by 102.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after buying an additional 682 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

Analyst Upgrades and Downgrades

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

ONE Gas Stock Down 0.5%

OGS stock traded down $0.39 during trading hours on Friday, reaching $75.56. 89,323 shares of the stock were exchanged, compared to its average volume of 514,454. The firm's 50-day moving average is $74.42 and its 200-day moving average is $74.60. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 3.10 and a beta of 0.85. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. ONE Gas, Inc. has a 12 month low of $66.38 and a 12 month high of $82.25.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. The firm 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 company's revenue was up 19.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities research analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The company also recently announced 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 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 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.