Entropy Technologies LP Trims Stake in ONE Gas, Inc. $OGS

Key Points

• Entropy Technologies LP sold 63.3% of its shares in ONE Gas, reducing its holdings to 2,788 shares worth $211,000.
• Institutional investors and hedge funds now own 88.71% of ONE Gas's stock, with significant increases in positions from firms like Deutsche Bank AG and Allianz Asset Management GmbH.
• ONE Gas declared a quarterly dividend of $0.67 per share, with an annualized dividend yield of 3.5%, payable on September 3rd.

Entropy Technologies LP decreased its holdings in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 63.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,788 shares of the utilities provider's stock after selling 4,813 shares during the period. Entropy Technologies LP's holdings in ONE Gas were worth $211,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in ONE Gas during the fourth quarter worth about $26,000. UMB Bank n.a. lifted its stake in ONE Gas by 69.1% during the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in ONE Gas during the fourth quarter worth about $50,000. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 530 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in ONE Gas during the fourth quarter worth about $77,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Performance

Shares of NYSE OGS traded up $0.1850 during midday trading on Wednesday, hitting $74.9950. 207,447 shares of the stock traded hands, compared to its average volume of 528,005. The firm has a 50-day moving average of $73.33 and a two-hundred day moving average of $74.14. The firm has a market capitalization of $4.50 billion, a P/E ratio of 17.89, a PEG ratio of 3.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52. ONE Gas, Inc. has a one year low of $66.38 and a one year high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $423.70 million for 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

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 paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Monday, August 18th. ONE Gas's dividend payout ratio is 63.96%.

Wall Street Analysts Forecast Growth

OGS has been the subject of several research analyst reports. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Wells Fargo & Company boosted their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Guggenheim boosted their price target on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target 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.