Allianz Asset Management GmbH Purchases 157,375 Shares of ONE Gas, Inc. (NYSE:OGS)

Key Points

• Allianz Asset Management increased its stake in ONE Gas, Inc. by 512.6% during Q1, owning a total of 188,075 shares valued at $14.22 million.
• In recent analyst reports, ONE Gas received upgrades from several firms, with Wells Fargo raising its price target from $82 to $89 and maintaining an "overweight" rating.
• ONE Gas reported an EPS of $1.98 for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.67 per share, equivalent to a 3.67% dividend yield.

Allianz Asset Management GmbH increased its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 512.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,075 shares of the utilities provider's stock after acquiring an additional 157,375 shares during the quarter. Allianz Asset Management GmbH owned about 0.31% of ONE Gas worth $14,217,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Coppell Advisory Solutions LLC bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $26,000. UMB Bank n.a. boosted its position in shares of ONE Gas by 69.1% in the first 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 during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $50,000. Farther Finance Advisors LLC boosted its position in shares of ONE Gas by 195.6% in the first 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 during the period. Finally, Transce3nd LLC bought a new position in shares of ONE Gas in the fourth quarter valued at approximately $77,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Price Performance

Shares of OGS stock traded up $0.40 during trading hours on Tuesday, hitting $72.58. 46,947 shares of the company's stock were exchanged, compared to its average volume of 527,739. The company has a market capitalization of $4.35 billion, a PE ratio of 17.54, a PEG ratio of 3.06 and a beta of 0.80. ONE Gas, Inc. has a 12-month low of $65.75 and a 12-month high of $82.25. The business's 50 day simple moving average is $73.33 and its 200-day simple moving average is $73.75. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping the consensus estimate of $1.85 by $0.13. The firm had revenue of $935.19 million for the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. The business's revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $1.75 earnings per share. On average, equities research analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.69%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OGS shares. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Wells Fargo & Company raised their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Finally, Guggenheim raised their target price on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, ONE Gas has an average rating of "Hold" and a consensus target price of $77.64.

ONE Gas Company 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.