UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 12,593 Shares of ONE Gas, Inc. (NYSE:OGS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in ONE Gas, Inc. (NYSE:OGS - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,951 shares of the utilities provider's stock after acquiring an additional 12,593 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.33% of ONE Gas worth $12,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Norges Bank bought a new position in ONE Gas during the 4th quarter worth about $43,344,000. Bank of Montreal Can increased its stake in ONE Gas by 1,421.7% in the 4th quarter. Bank of Montreal Can now owns 489,028 shares of the utilities provider's stock valued at $33,865,000 after buying an additional 456,891 shares during the last quarter. Deutsche Bank AG lifted its position in ONE Gas by 60.7% during the 4th quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock worth $56,914,000 after buying an additional 310,460 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ONE Gas by 21.3% during the 4th quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock worth $59,849,000 after buying an additional 152,028 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of ONE Gas in the fourth quarter valued at about $6,599,000. Institutional investors and hedge funds own 88.71% of the company's stock.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of analyst reports. Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Jefferies Financial Group raised ONE Gas from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $84.00 in a report on Monday, April 7th. Wells Fargo & Company increased their price target on ONE Gas from $82.00 to $89.00 and gave the company 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 report on Friday, May 9th. Finally, Guggenheim increased their price objective on shares of ONE Gas from $69.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, ONE Gas presently has an average rating of "Hold" and an average price target of $75.81.

ONE Gas Stock Performance

Shares of OGS traded up $0.04 during midday trading on Tuesday, reaching $74.71. 110,178 shares of the stock were exchanged, compared to its average volume of 460,533. The stock's 50 day simple moving average is $75.83 and its 200 day simple moving average is $73.47. The company has a market cap of $4.48 billion, a P/E ratio of 19.11, a PEG ratio of 3.64 and a beta of 0.86. ONE Gas, Inc. has a twelve month low of $59.74 and a twelve month high of $82.25. 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 issued its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share 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 business had revenue of $935.19 million during the quarter, compared to analysts' expectations of $882.31 million. During the same quarter in the previous year, the company earned $1.75 EPS. The business's revenue was up 23.3% on a year-over-year basis. On average, sell-side analysts expect that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Dividend Announcement

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 paid a dividend of $0.67 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.59%. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

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.