Allianz Asset Management GmbH Has $14.22 Million Stock Position in 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 shares of ONE Gas, Inc. (NYSE:OGS - Free Report) by 512.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 188,075 shares of the utilities provider's stock after buying an additional 157,375 shares during the period. Allianz Asset Management GmbH owned 0.31% of ONE Gas worth $14,217,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of OGS. Coppell Advisory Solutions LLC bought a new stake in shares of ONE Gas during the 4th quarter worth $26,000. UMB Bank n.a. boosted its holdings in shares of ONE Gas by 69.1% during the 1st quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after buying an additional 257 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas during the 4th quarter worth $50,000. Farther Finance Advisors LLC boosted its holdings in shares of ONE Gas by 195.6% during 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 period. Finally, Transce3nd LLC bought a new stake in shares of ONE Gas during the 4th quarter worth $77,000. 88.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OGS. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Wells Fargo & Company upped their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Guggenheim increased their price target on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $77.64.

ONE Gas Price Performance

Shares of ONE Gas stock opened at $72.98 on Friday. The firm has a fifty day moving average price of $73.40 and a two-hundred day moving average price of $73.65. The company has a market cap of $4.37 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 3.06 and a beta of 0.80. ONE Gas, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. The company had revenue of $935.19 million during 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 firm's revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period last year, the firm earned $1.75 EPS. Analysts expect that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were issued a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is 64.73%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.