8,609 Shares in ONE Gas, Inc. $OGS Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,609 shares of the utilities provider’s stock, valued at approximately $651,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. increased 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 worth $48,000 after purchasing an additional 257 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in ONE Gas in the 4th quarter worth about $50,000. Farther Finance Advisors LLC boosted its holdings in ONE Gas by 195.6% in 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 during the last quarter. Wealth Preservation Advisors LLC purchased a new stake in ONE Gas during the 1st quarter worth approximately $76,000. Finally, GAMMA Investing LLC raised its holdings in shares of ONE Gas by 102.7% during the first 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 during the last quarter. Institutional investors and hedge funds own 88.71% of the company’s stock.

ONE Gas Trading Up 0.3%

Shares of ONE Gas stock opened at $74.73 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 stock’s 50 day simple moving average is $74.31 and its 200-day simple moving average is $74.59. The stock has a market cap of $4.48 billion, a P/E ratio of 17.84, a P/E/G ratio of 3.09 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.

ONE Gas (NYSE:OGS) 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. The firm had revenue of $423.70 million for the quarter, compared to the consensus estimate of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%.The firm’s revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 earnings per share. ONE Gas has set its FY 2025 guidance at 4.320-4.420 EPS. Analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Monday, August 18th were issued a $0.67 dividend. 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 3.6%. ONE Gas’s dividend payout ratio is currently 63.96%.

Wall Street Analyst Weigh In

OGS has been the topic of a number of research analyst reports. Wall Street Zen raised ONE Gas from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th. 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 analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.