Point72 Asset Management L.P. Invests $290,000 in ONE Gas, Inc. (NYSE:OGS)

Point72 Asset Management L.P. acquired a new position in shares of ONE Gas, Inc. (NYSE:OGS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,192 shares of the utilities provider's stock, valued at approximately $290,000.

Other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in shares of ONE Gas by 0.9% during the fourth quarter. Arizona State Retirement System now owns 16,442 shares of the utilities provider's stock worth $1,139,000 after acquiring an additional 152 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of ONE Gas by 0.3% during the fourth quarter. Ameriprise Financial Inc. now owns 61,011 shares of the utilities provider's stock valued at $4,225,000 after buying an additional 154 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in shares of ONE Gas by 0.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 21,615 shares of the utilities provider's stock valued at $1,497,000 after buying an additional 187 shares during the last quarter. LPL Financial LLC boosted its position in 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 purchasing an additional 220 shares during the last quarter. Finally, Guggenheim Capital LLC boosted its position in 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 purchasing an additional 269 shares during the last quarter. Institutional investors own 88.71% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on OGS. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research note on Friday, May 9th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. Morgan Stanley lowered their target price on ONE Gas from $74.00 to $69.00 and set an "equal weight" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Guggenheim lifted their target price on ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $75.81.

ONE Gas Stock Up 1.0%

Shares of OGS traded up $0.76 during midday trading on Tuesday, hitting $75.22. 633,379 shares of the company's stock traded hands, compared to its average volume of 454,611. ONE Gas, Inc. has a 1 year low of $58.31 and a 1 year high of $82.25. The firm's fifty day moving average is $75.72 and its 200-day moving average is $73.49. The company has a current ratio of 0.64, a quick ratio of 0.37 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 3.64 and a beta of 0.86.

ONE Gas (NYSE:OGS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The utilities provider reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.85 by $0.13. ONE Gas had a return on equity of 7.70% and a net margin of 10.70%. The business had revenue of $935.19 million during the quarter, compared to analyst estimates of $882.31 million. During the same quarter last year, the business posted $1.75 EPS. The company's revenue was up 23.3% on a year-over-year basis. As a group, sell-side analysts anticipate that ONE Gas, Inc. will post 4.26 earnings per share for the current year.

ONE Gas Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis 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%.

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.