ONE Gas, Inc. $OGS Stock Position Lifted by Kestra Investment Management LLC

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 raised its stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,553 shares of the utilities provider's stock after buying 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.

Several other institutional investors have also recently added to or reduced their stakes in OGS. UMB Bank n.a. lifted its holdings in ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of ONE Gas during the fourth quarter valued at approximately $50,000. Farther Finance Advisors LLC boosted its position in ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after acquiring an additional 530 shares during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in ONE Gas in the 1st quarter worth approximately $76,000. Finally, GAMMA Investing LLC raised its holdings in ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after acquiring an additional 682 shares during the last quarter. Institutional investors and hedge funds own 88.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley set a $71.00 target price 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 stock. According to MarketBeat, ONE Gas has an average rating of "Moderate Buy" and a consensus target price of $77.64.

ONE Gas Trading Up 0.3%

OGS traded up $0.20 on Wednesday, reaching $74.91. 279,161 shares of the company's stock were exchanged, compared to its average volume of 426,341. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25. The company's 50 day moving average is $74.36 and its 200-day moving average is $74.59. 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 cap of $4.49 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 3.09 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The company had revenue of $423.70 million for the quarter, compared to analyst estimates 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 was up 19.7% compared to the same quarter last year. During the same period last year, the company posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Equities analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $0.67 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.6%. ONE Gas's dividend payout ratio is currently 63.96%.

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.