IFM Investors Pty Ltd Sells 3,453 Shares of ONE Gas, Inc. $OGS

IFM Investors Pty Ltd cut its holdings in ONE Gas, Inc. (NYSE:OGS) by 46.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,981 shares of the utilities provider’s stock after selling 3,453 shares during the quarter. IFM Investors Pty Ltd’s holdings in ONE Gas were worth $301,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position 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 acquiring an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in ONE Gas in the 4th quarter valued at approximately $50,000. Farther Finance Advisors LLC lifted its position in ONE Gas by 195.6% in the 1st 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 in the last quarter. Wealth Preservation Advisors LLC bought a new position in ONE Gas in the 1st quarter valued at approximately $76,000. Finally, GAMMA Investing LLC lifted its position 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 acquiring an additional 682 shares in the last quarter. 88.71% of the stock is owned by institutional investors.

ONE Gas Price Performance

NYSE OGS opened at $75.73 on Friday. The business’s fifty day moving average price is $74.48 and its 200-day moving average price is $74.60. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 3.15 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, Inc. has a 1-year low of $66.38 and a 1-year high of $82.25.

ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. The firm had revenue of $423.70 million during the quarter, compared to analyst estimates of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.ONE Gas’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.48 EPS. 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 earnings per share for the current year.

ONE Gas Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley set a $71.00 price objective on ONE Gas and gave the company an “outperform” rating in a research report on Thursday, August 21st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.