Nomura Holdings Inc. Acquires Shares of 7,503 ONE Gas, Inc. (NYSE:OGS)

Nomura Holdings Inc. purchased a new stake in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 7,503 shares of the utilities provider's stock, valued at approximately $520,000.

A number of other hedge funds have also bought and sold shares of the stock. Arizona State Retirement System increased its stake in ONE Gas by 0.9% during the 4th quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock valued at $1,139,000 after purchasing an additional 152 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of ONE Gas by 0.3% in the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock worth $4,225,000 after acquiring an additional 154 shares during the period. Oppenheimer Asset Management Inc. increased its stake in shares of ONE Gas by 0.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock worth $1,497,000 after acquiring an additional 187 shares during the period. LPL Financial LLC increased its stake in shares of ONE Gas by 0.8% in the fourth quarter. LPL Financial LLC now owns 28,800 shares of the utilities provider's stock worth $1,994,000 after acquiring an additional 220 shares during the period. Finally, Guggenheim Capital LLC increased its stake in shares of ONE Gas by 4.1% in the fourth quarter. Guggenheim Capital LLC now owns 6,907 shares of the utilities provider's stock worth $478,000 after acquiring an additional 269 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Performance

NYSE OGS traded up $0.76 during mid-day trading on Tuesday, reaching $75.22. 633,379 shares of the stock were exchanged, compared to its average volume of 454,611. The business's 50 day moving average is $75.74 and its 200-day moving average is $73.50. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $82.25. The company has a market capitalization of $4.51 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.64 and a beta of 0.86. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.37 and a current ratio of 0.64.

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

ONE Gas Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Monday, May 19th. ONE Gas's payout ratio is 64.73%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OGS shares. Guggenheim increased 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. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $84.00 in a research note on Monday, April 7th. Wells Fargo & Company increased 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. Morgan Stanley cut 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. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, ONE Gas has a consensus rating of "Hold" and an average price target of $75.81.

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.