Integrated Advisors Network LLC Invests $2.95 Million in ONE Gas, Inc. (NYSE:OGS)

Integrated Advisors Network LLC purchased a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,066 shares of the utilities provider's stock, valued at approximately $2,953,000. Integrated Advisors Network LLC owned approximately 0.07% of ONE Gas at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC purchased a new stake in shares of ONE Gas in the first quarter valued at about $780,000. GAMMA Investing LLC lifted its stake in shares of ONE Gas by 102.7% during the first quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock valued at $102,000 after buying an additional 682 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of ONE Gas by 195.6% during the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock valued at $61,000 after buying an additional 530 shares during the period. UMB Bank n.a. lifted its stake in shares of ONE Gas by 69.1% during the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock valued at $48,000 after buying an additional 257 shares during the period. Finally, Merit Financial Group LLC purchased a new position in shares of ONE Gas during the first quarter valued at approximately $623,000. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 2.0%

Shares of ONE Gas stock traded down $1.48 during trading hours on Friday, hitting $72.46. The company's stock had a trading volume of 397,188 shares, compared to its average volume of 467,905. ONE Gas, Inc. has a 1-year low of $59.80 and a 1-year high of $82.25. The business has a fifty day moving average of $75.68 and a 200 day moving average of $73.26. The company has a market capitalization of $4.34 billion, a PE ratio of 18.53, a P/E/G ratio of 3.64 and a beta of 0.82. The company has a quick ratio of 0.37, a current ratio of 0.64 and a debt-to-equity ratio of 0.77.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.13. ONE Gas had a net margin of 10.70% and a return on equity of 7.70%. The company had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same quarter in the prior year, the business earned $1.75 earnings per share. The business's quarterly revenue was up 23.3% compared to the same quarter last year. As a group, equities analysts forecast that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Monday, May 19th were paid a $0.67 dividend. The ex-dividend date was Monday, May 19th. This represents a $2.68 annualized dividend and a dividend yield of 3.70%. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Morgan Stanley reduced their price objective on shares of ONE Gas from $74.00 to $69.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 22nd. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Wells Fargo & Company upped their price target on shares of ONE Gas from $82.00 to $89.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $77.36.

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.