Segall Bryant & Hamill LLC Buys New Stake in ONE Gas, Inc. (NYSE:OGS)

Segall Bryant & Hamill LLC bought a new stake in ONE Gas, Inc. (NYSE:OGS - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 60,824 shares of the utilities provider's stock, valued at approximately $4,598,000. Segall Bryant & Hamill LLC owned 0.10% of ONE Gas as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of OGS. KBC Group NV increased its position in shares of ONE Gas by 21.6% during the first quarter. KBC Group NV now owns 2,697 shares of the utilities provider's stock worth $204,000 after acquiring an additional 479 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of ONE Gas by 369.2% during the 1st quarter. Teacher Retirement System of Texas now owns 20,172 shares of the utilities provider's stock valued at $1,525,000 after acquiring an additional 15,873 shares during the period. GAMMA Investing LLC boosted its holdings in ONE Gas by 102.7% in the 1st quarter. GAMMA Investing LLC now owns 1,346 shares of the utilities provider's stock worth $102,000 after buying an additional 682 shares during the period. Principal Financial Group Inc. boosted its holdings in ONE Gas by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 178,770 shares of the utilities provider's stock worth $13,513,000 after buying an additional 3,085 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in ONE Gas by 9.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,254 shares of the utilities provider's stock worth $322,000 after buying an additional 367 shares during the period. Institutional investors and hedge funds own 88.71% of the company's stock.

ONE Gas Stock Up 0.4%

NYSE:OGS traded up $0.29 during mid-day trading on Friday, hitting $73.43. 436,736 shares of the company's stock were exchanged, compared to its average volume of 466,558. ONE Gas, Inc. has a one year low of $65.75 and a one year high of $82.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. The business has a fifty day moving average price of $73.40 and a 200 day moving average price of $73.49. The company has a market cap of $4.40 billion, a PE ratio of 17.74, a P/E/G ratio of 3.08 and a beta of 0.80.

ONE Gas (NYSE:OGS - Get Free Report) last issued its earnings results on Monday, May 5th. The utilities provider reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.13. The firm 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 10.75% and a return on equity of 8.15%. The business's revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.75 earnings per share. Equities analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current year.

ONE Gas Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Monday, May 19th were issued a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $2.68 dividend on an annualized basis and a yield of 3.65%. ONE Gas's dividend payout ratio is currently 64.73%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of ONE Gas to a "hold" rating in a research report on Friday, May 9th. Guggenheim lifted their target price on shares of ONE Gas from $69.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Jefferies Financial Group upgraded shares of ONE Gas from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $84.00 in a research report on Monday, April 7th. 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 research report on Wednesday, May 7th. Finally, Morgan Stanley restated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $77.64.

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.