10,318 Shares in ONE Gas, Inc. (NYSE:OGS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased 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 13F filing with the Securities & Exchange Commission. The fund purchased 10,318 shares of the utilities provider's stock, valued at approximately $780,000.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of ONE Gas by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 6,270,804 shares of the utilities provider's stock worth $434,253,000 after acquiring an additional 41,933 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in ONE Gas by 1.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,124,928 shares of the utilities provider's stock valued at $147,152,000 after buying an additional 25,145 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in ONE Gas by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 964,965 shares of the utilities provider's stock valued at $66,824,000 after buying an additional 15,976 shares during the last quarter. JPMorgan Chase & Co. boosted its position in ONE Gas by 21.3% in the fourth quarter. JPMorgan Chase & Co. now owns 864,245 shares of the utilities provider's stock valued at $59,849,000 after buying an additional 152,028 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in ONE Gas by 60.7% in the fourth quarter. Deutsche Bank AG now owns 821,860 shares of the utilities provider's stock valued at $56,914,000 after buying an additional 310,460 shares during the last quarter. Hedge funds and other institutional investors own 88.71% of the company's stock.

ONE Gas Price Performance

Shares of OGS stock traded up $1.52 during trading hours on Monday, hitting $73.60. 567,445 shares of the company's stock were exchanged, compared to its average volume of 474,383. The company has a quick ratio of 0.54, a current ratio of 0.59 and a debt-to-equity ratio of 0.74. The firm has a market cap of $4.41 billion, a P/E ratio of 17.78, a P/E/G ratio of 3.02 and a beta of 0.82. The firm has a 50 day moving average of $75.47 and a two-hundred day moving average of $73.12. ONE Gas, Inc. has a fifty-two week low of $59.80 and a fifty-two week high of $82.25.

ONE Gas (NYSE:OGS - Get Free Report) last announced its earnings results 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. The business had revenue of $935.19 million during the quarter, compared to the consensus estimate of $882.31 million. ONE Gas had a return on equity of 8.15% and a net margin of 10.75%. The business's quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.75 EPS. Sell-side analysts forecast 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. Stockholders of record on Monday, May 19th were paid a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend was Monday, May 19th. ONE Gas's payout ratio is 64.73%.

Analyst Upgrades and Downgrades

OGS has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on ONE Gas from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Morgan Stanley reiterated an "underperform" rating on shares of ONE Gas in a research report on Wednesday, June 18th. Jefferies Financial Group upgraded ONE Gas from a "hold" rating to a "buy" rating and upped their target price for the company from $76.00 to $84.00 in a research report on Monday, April 7th. LADENBURG THALM/SH SH upgraded ONE Gas to a "hold" rating in a research report on Friday, May 9th. Finally, Wall Street Zen raised ONE Gas from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.