Voya Investment Management LLC Reduces Stock Position in ONE Gas, Inc. $OGS

Voya Investment Management LLC trimmed its holdings in shares of ONE Gas, Inc. (NYSE:OGS) by 32.5% in the third quarter, Holdings Channel reports. The institutional investor owned 52,372 shares of the utilities provider’s stock after selling 25,169 shares during the period. Voya Investment Management LLC’s holdings in ONE Gas were worth $4,239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Advisors Capital Management LLC purchased a new stake in ONE Gas during the first quarter worth approximately $562,000. AQR Capital Management LLC raised its holdings in ONE Gas by 21.2% during the first quarter. AQR Capital Management LLC now owns 70,834 shares of the utilities provider’s stock worth $5,354,000 after purchasing an additional 12,392 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of ONE Gas during the 1st quarter worth approximately $651,000. Cullen Frost Bankers Inc. boosted its holdings in shares of ONE Gas by 238.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,371 shares of the utilities provider’s stock valued at $170,000 after buying an additional 1,670 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in shares of ONE Gas in the 1st quarter valued at $277,000. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Price Performance

Shares of OGS opened at $78.30 on Friday. ONE Gas, Inc. has a fifty-two week low of $66.38 and a fifty-two week high of $83.96. The company has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.69 and a beta of 0.79. The firm has a 50-day simple moving average of $80.63 and a 200-day simple moving average of $77.09. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.33 and a current ratio of 0.47.

ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, November 3rd. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $379.13 million for the quarter, compared to analysts’ expectations of $404.19 million. ONE Gas had a return on equity of 8.06% and a net margin of 10.76%.The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. ONE Gas has set its FY 2025 guidance at 4.340-4.400 EPS. On average, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 14th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, November 14th. ONE Gas’s dividend payout ratio is 62.47%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Morgan Stanley reissued an “underperform” rating and issued a $75.00 price target on shares of ONE Gas in a research report on Thursday, November 20th. UBS Group cut their target price on ONE Gas from $86.00 to $83.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. Mizuho upped their target price on ONE Gas from $87.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group raised their price target on ONE Gas from $89.00 to $99.00 and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Finally, Bank of America boosted their price objective on ONE Gas from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, ONE Gas currently has an average rating of “Hold” and an average target price of $85.86.

ONE Gas Profile

ONE Gas, Inc is a publicly traded natural gas utility company focused on the regulated distribution of natural gas to residential, commercial and industrial customers. Headquartered in Tulsa, Oklahoma, the company owns and operates an integrated system of transmission and distribution pipelines, storage facilities and compressor stations designed to deliver safe, reliable energy to end users. Its operations are governed by state utility commissions, which set rates and service standards in the markets the company serves.

The company’s service territory spans three states: Oklahoma, Kansas and the Texas Panhandle.