60,824 Shares in ONE Gas, Inc. (NYSE:OGS) Bought by Segall Bryant & Hamill LLC

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

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of ONE Gas in the fourth quarter valued at approximately $2,346,000. Swiss National Bank lifted its stake in shares of ONE Gas by 0.8% during the fourth quarter. Swiss National Bank now owns 111,413 shares of the utilities provider's stock valued at $7,715,000 after buying an additional 900 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of ONE Gas by 49.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,256 shares of the utilities provider's stock valued at $1,333,000 after buying an additional 6,398 shares during the period. Cibc World Markets Corp purchased a new position in shares of ONE Gas during the fourth quarter valued at approximately $365,000. Finally, Xponance Inc. lifted its stake in shares of ONE Gas by 4.7% during the fourth quarter. Xponance Inc. now owns 8,006 shares of the utilities provider's stock valued at $554,000 after buying an additional 362 shares during the period. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of OGS traded up $0.31 during mid-day trading on Tuesday, hitting $74.77. The company's stock had a trading volume of 390,532 shares, compared to its average volume of 466,501. The firm has a 50-day moving average price of $73.40 and a 200 day moving average price of $73.57. The stock has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 3.12 and a beta of 0.80. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.59 and a quick ratio of 0.54. ONE Gas, Inc. has a fifty-two week low of $65.75 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $935.19 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS. On average, research analysts predict that ONE Gas, Inc. will post 4.26 EPS for the current fiscal 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 paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's dividend payout ratio (DPR) is presently 64.73%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company increased their price target 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. Wall Street Zen raised shares of ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Morgan Stanley reaffirmed an "underperform" rating on shares of ONE Gas in a report on Wednesday, June 18th. Jefferies Financial Group raised shares of ONE Gas from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $84.00 in a report on Monday, April 7th. Finally, LADENBURG THALM/SH SH raised shares of ONE Gas to a "hold" rating in a report on Friday, May 9th. 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. Based on data from MarketBeat, ONE Gas has an average rating of "Hold" and an average price target of $77.64.

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.