ONE Gas, Inc. $OGS Shares Acquired by Dean Capital Management

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 increased its stake in shares of 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 institutional investor owned 20,910 shares of the utilities provider's stock after acquiring 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 quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OGS. Susquehanna International Group LLP raised its stake in ONE Gas by 942.1% during the 4th quarter. Susquehanna International Group LLP now owns 24,188 shares of the utilities provider's stock worth $1,675,000 after acquiring an additional 21,867 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in ONE Gas during the 4th quarter worth $415,000. Mercer Global Advisors Inc. ADV raised its stake in ONE Gas by 154.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,102 shares of the utilities provider's stock worth $492,000 after acquiring an additional 4,308 shares in the last quarter. Ameriprise Financial Inc. raised its stake in ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after acquiring an additional 154 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in ONE Gas by 51.1% during the 4th quarter. BNP Paribas Financial Markets now owns 24,377 shares of the utilities provider's stock worth $1,688,000 after acquiring an additional 8,249 shares in the last quarter. 88.71% of the stock is currently owned by institutional investors and hedge funds.

ONE Gas Stock Performance

NYSE OGS traded down $0.23 during trading on Friday, reaching $75.73. The company's stock had a trading volume of 294,625 shares, compared to its average volume of 388,640. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25. 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 business's fifty day moving average price is $74.48 and its 200-day moving average price is $74.61. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 3.14 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly 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. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The business had revenue of $423.70 million for the quarter, compared to analyst estimates of $432.69 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business's revenue 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 anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were paid 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 63.96%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley set a $71.00 price target on shares of ONE Gas and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, ONE Gas currently has a consensus rating of "Moderate Buy" and an average target price 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.