United Services Automobile Association Purchases Shares of 3,644 ONE Gas, Inc. $OGS

Key Points

• United Services Automobile Association invested approximately $277,000 in ONE Gas, Inc. by acquiring 3,644 shares in the first quarter.
• ONE Gas has shown a 19.7% increase in quarterly revenue year-over-year, reporting a revenue of $423.70 million for the last quarter.
• The company announced a quarterly dividend of $0.67 per share, yielding 3.5%, with a payout ratio of 63.96%.

United Services Automobile Association purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,644 shares of the utilities provider's stock, valued at approximately $277,000.

Several other large investors have also recently modified their holdings of OGS. UMB Bank n.a. raised its stake in shares of ONE Gas by 69.1% during the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ONE Gas during the fourth quarter valued at $50,000. Farther Finance Advisors LLC raised its stake in shares of ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after acquiring an additional 530 shares during the last quarter. Wealth Preservation Advisors LLC bought a new position in shares of ONE Gas during the first quarter valued at $76,000. Finally, GAMMA Investing LLC raised its stake in shares of ONE Gas by 102.7% during the first 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 own 88.71% of the company's stock.

ONE Gas Stock Performance

OGS stock traded up $0.31 during mid-day trading on Thursday, hitting $75.58. The company had a trading volume of 73,703 shares, compared to its average volume of 509,320. The firm has a market cap of $4.53 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 3.09 and a beta of 0.85. 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 12 month low of $66.38 and a 12 month high of $82.25. The stock's fifty day moving average price is $74.63 and its two-hundred day moving average price is $74.62.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (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 net margin of 10.63% and a return on equity of 8.07%. The company's quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were paid 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 payout ratio is currently 63.96%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley set a $71.00 price objective on shares of 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.