XTX Topco Ltd Purchases Shares of 4,156 ONE Gas, Inc. (NYSE:OGS)

XTX Topco Ltd purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 4,156 shares of the utilities provider's stock, valued at approximately $314,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of ONE Gas by 1.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock valued at $147,152,000 after buying an additional 25,145 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of ONE Gas by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after buying an additional 15,976 shares during the period. Deutsche Bank AG lifted its holdings in shares of ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after buying an additional 310,460 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of ONE Gas by 23.2% during the 1st quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after buying an additional 148,003 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of ONE Gas by 1.7% during the 4th quarter. Northern Trust Corp now owns 777,559 shares of the utilities provider's stock valued at $53,846,000 after buying an additional 12,770 shares during the period. 88.71% of the stock is owned by institutional investors.

ONE Gas Stock Performance

ONE Gas stock traded down $0.94 during trading on Friday, reaching $75.32. The company had a trading volume of 177,828 shares, compared to its average volume of 525,982. ONE Gas, Inc. has a 52 week low of $66.38 and a 52 week high of $82.25. The firm's 50-day simple moving average is $73.27 and its 200 day simple moving average is $74.02. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 3.16 and a beta of 0.82. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. The business had revenue of $423.70 million for the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. The business's quarterly revenue was up 19.7% on a year-over-year basis. During the same period last year, the firm earned $0.48 earnings per share. Sell-side analysts forecast that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Monday, August 18th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $2.68 dividend on an annualized basis and a yield of 3.6%. ONE Gas's dividend payout ratio (DPR) is currently 63.96%.

Analyst Upgrades and Downgrades

OGS has been the topic of several research analyst reports. Wells Fargo & Company increased their price target on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Guggenheim raised their target price on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH raised ONE Gas to a "hold" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" 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.