Dean Capital Management Buys 3,698 Shares of ONE Gas, Inc. $OGS

Key Points

• Dean Capital Management increased its stake in ONE Gas, Inc. by 21.5%, owning 20,910 shares valued at $1,581,000, highlighting significant institutional interest in the utility provider.
• ONE Gas reported $423.70 million in revenue for the last quarter, a 19.7% increase year-over-year, with earnings per share (EPS) matching analyst expectations at $0.53.
• The company recently announced a quarterly dividend of $0.67, amounting to an annualized yield of 3.6%, reflecting its solid financial performance and commitment to returning capital to shareholders.

Dean Capital Management raised its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 21.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,910 shares of the utilities provider's stock after purchasing an additional 3,698 shares during the quarter. Dean Capital Management's holdings in ONE Gas were worth $1,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of ONE Gas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock valued at $485,136,000 after purchasing an additional 147,186 shares during the period. Wellington Management Group LLP raised its stake in shares of ONE Gas by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider's stock valued at $256,849,000 after purchasing an additional 33,210 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of ONE Gas by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider's stock valued at $162,645,000 after purchasing an additional 26,742 shares during the period. Deutsche Bank AG raised its stake in shares of ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after purchasing an additional 310,460 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of ONE Gas by 23.2% in the 1st 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. Institutional investors and hedge funds own 88.71% of the company's stock.

Analysts Set New Price Targets

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

ONE Gas Stock Performance

Shares of NYSE OGS traded down $0.23 during midday trading on Friday, hitting $75.73. 294,625 shares of the company's stock were exchanged, compared to its average volume of 403,574. 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, Inc. has a 12 month low of $66.38 and a 12 month high of $82.25. The company's 50 day moving average price is $74.48 and its 200 day moving average price is $74.60. The firm has a market capitalization of $4.54 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The company had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. During the same period in the previous year, the company posted $0.48 EPS. The firm's revenue for the quarter 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. As a group, analysts predict that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders 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 dividend yield of 3.5%. The ex-dividend date was Monday, August 18th. ONE Gas's payout ratio is currently 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.