ONE Gas, Inc. $OGS Shares Sold by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC reduced its stake in ONE Gas, Inc. by 22.5% in Q1, owning 77,472 shares valued at approximately $5.86 million at the end of the reporting period.
• Several institutional investors increased their holdings in ONE Gas, with Vanguard Group Inc. owning about $485.14 million worth of shares after a 2.3% increase.
• Morgan Stanley set a price target of $71.00 for ONE Gas shares, with a current consensus rating of "Moderate Buy" and an average target price of $77.64 from analysts.

Voya Investment Management LLC lessened its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 22.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,472 shares of the utilities provider's stock after selling 22,461 shares during the quarter. Voya Investment Management LLC owned approximately 0.13% of ONE Gas worth $5,856,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. raised 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 acquiring an additional 257 shares during the period. Farther Finance Advisors LLC raised its position in shares of ONE Gas by 195.6% during the 1st 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 period. Wealth Preservation Advisors LLC bought a new stake in shares of ONE Gas in the 1st quarter worth approximately $76,000. GAMMA Investing LLC boosted its position in ONE Gas by 102.7% during the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 682 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in ONE Gas during the 1st quarter valued at approximately $111,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Performance

Shares of NYSE:OGS traded up $0.35 on Monday, hitting $76.12. The company's stock had a trading volume of 342,641 shares, compared to its average volume of 345,236. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 3.14 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 50-day moving average is $74.76 and its two-hundred day moving average is $74.65.

ONE Gas (NYSE:OGS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts' consensus estimates of $0.53. The business had revenue of $423.70 million for the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The company's revenue was up 19.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities research analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th were issued a $0.67 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. ONE Gas's dividend payout ratio (DPR) is 63.96%.

Analysts Set New Price Targets

Separately, Morgan Stanley set a $71.00 target price on ONE Gas and gave the company 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 assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.