GSA Capital Partners LLP Takes $733,000 Position in ONE Gas, Inc. (NYSE:OGS)

Key Points

• GSA Capital Partners LLP has acquired a new stake valued at approximately $733,000 in ONE Gas, Inc., further demonstrating institutional interest in the utilities sector.
• ONE Gas reported a quarterly earnings per share (EPS) of $1.98, exceeding estimates by $0.13, alongside a revenue increase of 23.3% year-over-year.
• The company has announced a quarterly dividend of $0.67 per share, representing an annualized yield of 3.7% with a payout ratio of 64.73%.

GSA Capital Partners LLP acquired a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,701 shares of the utilities provider's stock, valued at approximately $733,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its position in shares of ONE Gas by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after buying an additional 154 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of ONE Gas by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 6,638 shares of the utilities provider's stock valued at $501,000 after buying an additional 175 shares during the last quarter. State of Michigan Retirement System raised its position in shares of ONE Gas by 1.5% during the first quarter. State of Michigan Retirement System now owns 13,604 shares of the utilities provider's stock valued at $1,028,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of ONE Gas by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the utilities provider's stock valued at $1,202,000 after buying an additional 200 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of ONE Gas by 0.8% during the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock valued at $1,994,000 after buying an additional 220 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 0.2%

OGS stock opened at $72.54 on Friday. The firm has a fifty day moving average price of $73.18 and a 200 day moving average price of $73.80. 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 quick ratio of 0.54 and a current ratio of 0.59. The firm has a market cap of $4.35 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 3.04 and a beta of 0.82.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. ONE Gas had a net margin of 10.75% and a return on equity of 8.15%. 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 earned $1.75 earnings per share. Sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current fiscal year.

ONE Gas Dividend Announcement

The company also recently disclosed 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 yield of 3.7%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is presently 64.73%.

Analyst Ratings Changes

OGS has been the topic of several recent analyst reports. Guggenheim lifted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and raised their target price for the company from $76.00 to $84.00 in a report on Monday, April 7th. Finally, Wall Street Zen raised shares of 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 assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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