Wellington Management Group LLP Grows Stock Position in ONE Gas, Inc. $OGS

Key Points

• Wellington Management Group LLP increased its holdings in ONE Gas, Inc. by 1.0%, now owning approximately 5.67% of the company worth $256.8 million after purchasing 33,210 shares in the first quarter.
• ONE Gas recently announced a quarterly dividend of $0.67 per share, representing a dividend yield of 3.6%, with a payout ratio of 63.96%.
• The company's shares opened at $74.72, with a reported earnings per share (EPS) of $0.53 for the previous quarter, meeting analyst expectations.

Wellington Management Group LLP boosted its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,397,926 shares of the utilities provider's stock after purchasing an additional 33,210 shares during the period. Wellington Management Group LLP owned approximately 5.67% of ONE Gas worth $256,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in OGS. Coppell Advisory Solutions LLC bought a new stake in shares of ONE Gas during the fourth quarter valued at approximately $26,000. 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ONE Gas during the 4th quarter worth $50,000. Farther Finance Advisors LLC grew 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 buying an additional 530 shares in the last quarter. Finally, Transce3nd LLC bought a new position in shares of ONE Gas during the 4th quarter worth $77,000. Institutional investors own 88.71% of the company's stock.

ONE Gas Stock Down 1.6%

ONE Gas stock traded down $1.1950 during mid-day trading on Monday, reaching $75.7950. 42,436 shares of the company were exchanged, compared to its average volume of 526,559. The business has a fifty day moving average of $73.47 and a 200 day moving average of $74.27. 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 firm has a market cap of $4.55 billion, a P/E ratio of 18.07, a PEG ratio of 3.19 and a beta of 0.82. ONE Gas, Inc. has a 12-month low of $66.38 and a 12-month high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share 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 company had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. ONE Gas's revenue was up 19.7% on a year-over-year basis. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas's payout ratio is currently 63.96%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Guggenheim increased their price target on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Finally, Wells Fargo & Company boosted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ONE Gas presently has an average rating of "Hold" and a consensus price target 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.