LPL Financial LLC Acquires 3,674 Shares of ONE Gas, Inc. $OGS

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LPL Financial LLC lifted its stake in ONE Gas, Inc. (NYSE:OGS - Free Report) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,474 shares of the utilities provider's stock after purchasing an additional 3,674 shares during the quarter. LPL Financial LLC owned about 0.05% of ONE Gas worth $2,455,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in ONE Gas by 60.7% in the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after acquiring an additional 310,460 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of ONE Gas by 512.6% in the first quarter. Allianz Asset Management GmbH now owns 188,075 shares of the utilities provider's stock worth $14,217,000 after purchasing an additional 157,375 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of ONE Gas by 23.2% during the first quarter. Bank of New York Mellon Corp now owns 787,029 shares of the utilities provider's stock valued at $59,492,000 after purchasing an additional 148,003 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of ONE Gas during the first quarter valued at $8,278,000. Finally, GAMMA Investing LLC boosted its position in shares of ONE Gas by 15,222.9% during the first quarter. GAMMA Investing LLC now owns 101,744 shares of the utilities provider's stock valued at $7,691,000 after buying an additional 101,080 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Trading Down 2.1%

OGS stock opened at $74.05 on Tuesday. The firm's fifty day simple moving average is $73.32 and its two-hundred day simple moving average is $74.14. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 3.13 and a beta of 0.82. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.74. ONE Gas, Inc. has a twelve month low of $66.38 and a twelve month high of $82.25.

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

ONE Gas Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Monday, August 18th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, August 18th. ONE Gas's dividend payout ratio (DPR) is presently 63.96%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on OGS. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their target price on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Finally, Guggenheim upped their price objective on ONE Gas from $69.00 to $73.00 and gave the company a "neutral" 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 given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $77.64.

About ONE Gas

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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