ONE Gas, Inc. $OGS Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its position in ONE Gas, Inc. (NYSE:OGS) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,284 shares of the utilities provider’s stock after purchasing an additional 303 shares during the period. IFM Investors Pty Ltd’s holdings in ONE Gas were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of ONE Gas by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider’s stock valued at $485,136,000 after buying an additional 147,186 shares during the last quarter. Wellington Management Group LLP boosted its stake in ONE Gas by 1.0% during the 1st quarter. Wellington Management Group LLP now owns 3,397,926 shares of the utilities provider’s stock worth $256,849,000 after purchasing an additional 33,210 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of ONE Gas by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,151,670 shares of the utilities provider’s stock worth $162,645,000 after buying an additional 26,742 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of ONE Gas by 23.2% during the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider’s stock worth $59,492,000 after purchasing an additional 148,003 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in ONE Gas by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 785,917 shares of the utilities provider’s stock valued at $59,407,000 after buying an additional 2,679 shares during the period. 88.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Morgan Stanley set a $71.00 target price on shares of ONE Gas and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.64.

ONE Gas Trading Up 1.7%

Shares of ONE Gas stock opened at $77.34 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.52 and a quick ratio of 0.42. The company has a market capitalization of $4.64 billion, a P/E ratio of 18.46, a P/E/G ratio of 3.15 and a beta of 0.85. ONE Gas, Inc. has a 1 year low of $66.38 and a 1 year high of $82.25. The business has a 50 day moving average price of $74.85 and a 200 day moving average price of $74.67.

ONE Gas (NYSE:OGS) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $423.70 million during the quarter, compared to the consensus estimate of $432.69 million. ONE Gas had a net margin of 10.63% and a return on equity of 8.07%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 EPS for the current fiscal 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 dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.5%. ONE Gas’s dividend payout ratio is currently 63.96%.

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.