Deutsche Bank AG Cuts Stock Holdings in ONE Gas, Inc. (NYSE:OGS)

Key Points

• Deutsche Bank AG reduced its position in ONE Gas, Inc. by 1.1%, now owning approximately 1.36% of the company, valued at $61.43 million.
• ONE Gas has announced a quarterly dividend of $0.67 per share, representing an annualized dividend of $2.68 and a yield of 3.6%.
• The company's stock holds an average rating of "Hold" among analysts, with a target price increase, now set at $77.64.

Deutsche Bank AG trimmed its position in ONE Gas, Inc. (NYSE:OGS - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 812,733 shares of the utilities provider's stock after selling 9,127 shares during the period. Deutsche Bank AG owned approximately 1.36% of ONE Gas worth $61,434,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of OGS. Charles Schwab Investment Management Inc. boosted its position in shares of ONE Gas by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 785,917 shares of the utilities provider's stock worth $59,407,000 after purchasing an additional 2,679 shares in the last quarter. Vanguard Group Inc. raised its stake in ONE Gas by 2.3% in the first quarter. Vanguard Group Inc. now owns 6,417,990 shares of the utilities provider's stock valued at $485,136,000 after buying an additional 147,186 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in ONE Gas by 20.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,073 shares of the utilities provider's stock worth $232,000 after acquiring an additional 526 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in ONE Gas in the first quarter worth about $333,000. Finally, XTX Topco Ltd purchased a new stake in shares of ONE Gas during the first quarter worth about $314,000. 88.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OGS. 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. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Wells Fargo & Company boosted their price objective on shares of ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $77.64.

ONE Gas Price Performance

Shares of NYSE:OGS traded down $0.14 during trading on Thursday, reaching $76.35. 277,077 shares of the company's stock traded hands, compared to its average volume of 528,320. 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 fifty-two week low of $66.32 and a fifty-two week high of $82.25. The company has a 50-day simple moving average of $73.21 and a 200-day simple moving average of $73.98. The firm has a market cap of $4.58 billion, a PE ratio of 18.22, a P/E/G ratio of 3.14 and a beta of 0.82.

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

ONE Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Monday, August 18th will be given a $0.67 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.68 annualized dividend and a dividend yield of 3.5%. ONE Gas's dividend payout ratio (DPR) is 63.96%.

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.