Voya Investment Management LLC Lowers Stock Position in ONE Gas, Inc. $OGS

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 lowered its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 22.5% during the first quarter, according to its most recent 13F filing with the 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 0.13% of ONE Gas worth $5,856,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its holdings in ONE Gas by 69.1% in the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after purchasing an additional 257 shares in the last quarter. Farther Finance Advisors LLC lifted its position 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 buying an additional 530 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in ONE Gas during the first quarter worth about $76,000. GAMMA Investing LLC boosted its holdings in ONE Gas by 102.7% in 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 last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of ONE Gas during the 1st quarter worth approximately $111,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

Wall Street Analyst Weigh In

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 given a Hold rating to the company's stock. According to MarketBeat.com, ONE Gas has an average rating of "Moderate Buy" and an average target price of $77.64.

ONE Gas Stock Up 0.2%

Shares of NYSE OGS traded up $0.16 during midday trading on Friday, hitting $75.70. The company's stock had a trading volume of 670,154 shares, compared to its average volume of 346,244. The business's fifty day simple moving average is $74.72 and its two-hundred day simple moving average is $74.62. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25. The firm has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 3.13 and a beta of 0.85.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts' consensus estimates of $0.53. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The business 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 earnings per share. The business's revenue for the quarter was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. On average, equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The business also recently announced 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 is presently 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.