ONE Gas, Inc. (NYSE:OGS) Stock Holdings Lifted by Heartland Advisors Inc.

Key Points

• Heartland Advisors Inc. increased its position in ONE Gas, Inc. by 37.5%, owning 58,933 shares valued at $4.46 million as of the latest reporting period.
• Several analysts recently adjusted their ratings on ONE Gas, with Jefferies Financial Group upgrading it to a "buy" and raising the price target from $76 to $84.
• ONE Gas reported $1.98 EPS for the last quarter, exceeding estimates, showing a revenue increase of 23.3% compared to the previous year.

Heartland Advisors Inc. lifted its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 37.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,933 shares of the utilities provider's stock after buying an additional 16,059 shares during the quarter. Heartland Advisors Inc. owned approximately 0.10% of ONE Gas worth $4,455,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of ONE Gas in the 4th quarter valued at about $2,346,000. Commonwealth Equity Services LLC raised its stake in shares of ONE Gas by 49.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,256 shares of the utilities provider's stock worth $1,333,000 after buying an additional 6,398 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in ONE Gas in the 4th quarter valued at approximately $298,000. KLP Kapitalforvaltning AS purchased a new position in ONE Gas in the 4th quarter valued at approximately $1,600,000. Finally, LPL Financial LLC increased its stake in ONE Gas by 0.8% in the 4th quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock valued at $1,994,000 after purchasing an additional 220 shares in the last quarter. 88.71% of the stock is owned by institutional investors and hedge funds.

ONE Gas Stock Up 0.5%

NYSE:OGS traded up $0.35 during mid-day trading on Wednesday, hitting $73.11. The company had a trading volume of 87,740 shares, compared to its average volume of 527,202. ONE Gas, Inc. has a 1 year low of $65.75 and a 1 year high of $82.25. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 3.03 and a beta of 0.80. The company has a current ratio of 0.59, a quick ratio of 0.54 and a debt-to-equity ratio of 0.74. The business has a fifty day simple moving average of $73.27 and a 200-day simple moving average of $73.75.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business had revenue of $935.19 million for the quarter, compared to analyst estimates of $882.31 million. During the same period in the previous year, the company earned $1.75 earnings per share. The company's revenue for the quarter was up 23.3% compared to the same quarter last year. Equities analysts forecast 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. Investors of record on Monday, May 19th were issued a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 3.67%. The ex-dividend date was Monday, May 19th. ONE Gas's dividend payout ratio is currently 64.73%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OGS. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a report on Friday, May 9th. Finally, Wells Fargo & Company raised their price objective on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.