Magnetar Financial LLC Makes New Investment in ONE Gas, Inc. $OGS

Key Points

• Magnetar Financial LLC invested approximately $425,000 in ONE Gas, purchasing 5,625 shares during the first quarter, highlighting growing institutional interest in the utilities provider.
• ONE Gas has announced a $0.67 quarterly dividend, which will be paid on September 3rd, yielding 3.5% annually, with a dividend payout ratio of 63.96%.
• Analysts have raised price targets for ONE Gas, with an average target of $77.64 and a rating of "Moderate Buy," reflecting positive sentiment towards the stock's performance.

Magnetar Financial LLC bought a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,625 shares of the utilities provider's stock, valued at approximately $425,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock worth $485,136,000 after acquiring an additional 147,186 shares in the last quarter. Wellington Management Group LLP boosted its holdings in ONE Gas by 1.0% in the first quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider's stock worth $256,849,000 after acquiring an additional 33,210 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in ONE Gas by 1.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider's stock worth $162,645,000 after acquiring an additional 26,742 shares in the last quarter. Deutsche Bank AG boosted its holdings in ONE Gas by 60.7% in the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after acquiring an additional 310,460 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in 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 worth $59,492,000 after acquiring an additional 148,003 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

ONE Gas stock traded up $0.63 during mid-day trading on Friday, reaching $75.84. 340,238 shares of the company's stock were exchanged, compared to its average volume of 442,979. The business's fifty day simple moving average is $74.21 and its 200 day simple moving average is $74.55. The firm has a market capitalization of $4.55 billion, a PE ratio of 18.10, a P/E/G ratio of 3.12 and a beta of 0.85. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $82.25. 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 (NYSE:OGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. The business 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%.ONE Gas's quarterly 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. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 18th. ONE Gas's dividend payout ratio (DPR) is currently 63.96%.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of recent research reports. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Morgan Stanley set a $71.00 target price on ONE Gas and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $77.64.

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.