Vident Advisory LLC Makes New Investment in ONE Gas, Inc. $OGS

Vident Advisory LLC purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 3,040 shares of the utilities provider’s stock, valued at approximately $230,000.

Several other large investors have also recently bought and sold shares of the stock. Magnetar Financial LLC bought a new position in ONE Gas in the first quarter valued at approximately $425,000. Trexquant Investment LP acquired a new stake in shares of ONE Gas in the 1st quarter valued at approximately $2,867,000. Wealth Preservation Advisors LLC acquired a new stake in shares of ONE Gas in the 1st quarter valued at approximately $76,000. Campbell & CO Investment Adviser LLC boosted its holdings in shares of ONE Gas by 160.1% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 63,815 shares of the utilities provider’s stock valued at $4,824,000 after buying an additional 39,277 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in shares of ONE Gas by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock valued at $162,645,000 after buying an additional 26,742 shares during the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Trading Up 0.3%

Shares of ONE Gas stock opened at $74.73 on Wednesday. The business has a fifty day simple moving average of $74.31 and a two-hundred day simple moving average of $74.59. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 3.09 and a beta of 0.85. 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 (NYSE:OGS) last announced 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. 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 quarter last year, the firm posted $0.48 EPS. The company’s quarterly 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 forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th were given a dividend of $0.67 per share. The ex-dividend date was Monday, August 18th. This represents a $2.68 annualized dividend and a yield of 3.6%. ONE Gas’s dividend payout ratio (DPR) is presently 63.96%.

Wall Street Analyst Weigh In

Several research firms have issued reports on OGS. Morgan Stanley set a $71.00 price target on shares of ONE Gas and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Wall Street Zen upgraded shares of ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.