ONE Gas, Inc. (NYSE:OGS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 51.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,377 shares of the utilities provider's stock after acquiring an additional 8,249 shares during the quarter. BNP Paribas Financial Markets' holdings in ONE Gas were worth $1,688,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OGS. Arizona State Retirement System increased its holdings in shares of ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after buying an additional 152 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in ONE Gas by 0.3% during the 4th quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after purchasing an additional 154 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in ONE Gas by 0.9% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after buying an additional 187 shares during the period. LPL Financial LLC lifted its holdings in ONE Gas by 0.8% in the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after buying an additional 220 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in ONE Gas by 4.1% in the 4th quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock valued at $478,000 after buying an additional 269 shares during the last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.

ONE Gas Stock Performance

Shares of NYSE OGS traded down $1.35 during midday trading on Wednesday, hitting $74.78. The company's stock had a trading volume of 575,540 shares, compared to its average volume of 449,127. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64. ONE Gas, Inc. has a 1-year low of $58.31 and a 1-year high of $82.25. The firm's fifty day moving average price is $75.73 and its 200-day moving average price is $73.43. The firm has a market cap of $4.48 billion, a P/E ratio of 19.13, a P/E/G ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 EPS for the quarter, beating 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 return on equity of 7.70% and a net margin of 10.70%. ONE Gas's quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.75 earnings per share. On average, sell-side analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, May 19th. ONE Gas's dividend payout ratio is presently 64.73%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley set a $74.00 price target on ONE Gas and gave the company an "outperform" rating in a report on Wednesday, April 23rd. Wells Fargo & Company lifted their price target on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and increased their price objective for the company from $76.00 to $84.00 in a research note on Monday, April 7th. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Finally, StockNews.com upgraded shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, ONE Gas currently has an average rating of "Hold" and a consensus target price of $76.44.

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.