Jefferies Financial Group Inc. Purchases New Shares in ONE Gas, Inc. (NYSE:OGS)

Key Points

• Jefferies Financial Group Inc. has acquired a new stake worth approximately $333,000 in ONE Gas, purchasing 4,401 shares of the company.
• ONE Gas reported $0.53 earnings per share for its last quarter, meeting analyst estimates, with revenues showing a 19.7% year-over-year increase.
• The company announced a quarterly dividend of $0.67 per share, which corresponds to an annual yield of 3.6%.

Jefferies Financial Group Inc. purchased a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,401 shares of the utilities provider's stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OGS. Coppell Advisory Solutions LLC bought a new stake in shares of ONE Gas during the fourth quarter worth about $26,000. UMB Bank n.a. grew its stake in shares of ONE Gas by 69.1% in the first quarter. UMB Bank n.a. now owns 629 shares of the utilities provider's stock worth $48,000 after purchasing an additional 257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of ONE Gas in the fourth quarter worth $50,000. Farther Finance Advisors LLC grew its stake in shares of ONE Gas by 195.6% in the first quarter. Farther Finance Advisors LLC now owns 801 shares of the utilities provider's stock worth $61,000 after purchasing an additional 530 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of ONE Gas in the fourth quarter worth $77,000. 88.71% of the stock is currently owned by institutional investors.

ONE Gas Trading Down 0.6%

Shares of ONE Gas stock traded down $0.44 on Tuesday, reaching $74.69. 54,219 shares of the company's stock were exchanged, compared to its average volume of 525,701. The company has a market capitalization of $4.48 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 3.09 and a beta of 0.82. ONE Gas, Inc. has a 52 week low of $66.32 and a 52 week high of $82.25. The firm's 50-day moving average is $73.14 and its two-hundred day moving average is $73.95. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.42 and a current ratio of 0.52.

ONE Gas (NYSE:OGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. The firm had revenue of $423.70 million for the quarter, compared to analysts' expectations of $432.69 million. ONE Gas had a return on equity of 8.07% and a net margin of 10.63%. The company's revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.48 EPS. Sell-side analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, August 18th. ONE Gas's dividend payout ratio is currently 63.96%.

Analysts Set New Price Targets

Several brokerages recently weighed in on OGS. Wells Fargo & Company boosted their price objective 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. LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a research note on Friday, May 9th. Guggenheim boosted their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Morgan Stanley reissued an "underperform" rating on shares of ONE Gas in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average 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.